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Assuming that state funding for the universities is held constant, describe the conditions that will prevail if tuition is held below equilibrium price.
According to Global Insight, a Massachusetts economics consultancy, what will happen if oil prices remain in the range of $65 to $70 per barrel for a couple of more months?
What is the equation of the supply curve if input prices are $10 and the price of Z is $20? Graph the supply curve that you found in part a) showing intercepts and slope. What is the minimum price at which the firm will supply any of good X at all?
Assume that b=1 and that initially the real interest rate is equal to the marginal product of capital at 4%. As well, assume that v=1/2 and that the inflation rate last period was 2%. If the housing bubble busting causes the share of output of invest..
How does this policy involve the supply and demand for loan able funds. What occurs to the equilibrium interest rate.
Keynes theory on impact of falling wages was to a large extent supported by Irving Fisher in his Debt-Deflation Theory of Great Depressions (1933). Which economy method that we use to get out of Great Depression. Compare 2015 to 1937 and explore what..
In matters involved with Domestic Policy-making (Chpt. 15), Bardes & Shelley go into great detail on the interplay between tax policy, fiscal policy, and monetary policy matters. What are the distinctions between these three levers that control econo..
Calculate the amount of former foreign monopoly profit that is transferred as tariff revenue to the home country when the home country imposes the tariff.
As we noted in class, most members of labor unions work in the public sector, industries that are regulated, or industries in which production is concentrated into a few firms. Consider a perfectly competitive industry with many firms that produce th..
Consider topics such as identity theft, the Patriot Act, or Wikileaks. Share your thoughts on the major themes and ethical concerns and give some insight into how it impacts your personality and professionalism.
Smith Co saw a reduction in quantity of widgets is sold, down to 900 units. What is cross elasticity of demand between two brands of widgets.
Discuss ONE strength OR ONE weakness of capitalism. Do we have any government (federal or state) policies designed to take advantage of the strengths? What are they and how do they work? Or, alternatively, do we have any government policies that atte..
Firms like McDonald's and Wendy's sell hamburgers, salads, and other products that are differentiated in nature. Given their current menus, explain what level of economic profit these firms can expect to make in the long run? What strategies could th..
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