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In 2001, the U.S. government mailed rebate checks in the amount of $300 or $600 to many households. Discuss what would happen if the U.S. government did the same thing today. Would households spend the extra income or use it to pay down debts? State what effect either action would have on the economy
Making dresses is a labour-intensive process. Indeed, the production function of a dress-making firm is well described by the equation Q = L - L 2 /800, where Q denotes the number of dresses per week and L is the number of labour-hours per week.
Illustrate what recommendations you make to assist the organization
Do the estimated coefficients have the required signs to yield a-shaped AVC curve? Discuss the significance using the p-values.
Elucidate what are some economic conditions that affect the cost of money
Show graphically the amount of the change that is due to the substitution effect and the amount of the change that is due to the income effect.
Prepare a memo to the managing director that explains the different vehicles available that can be used for each of the Minimize income tax
Ceteris paribus, coffee Brand X and coffee Brand A are substitutes in consumption. The price of coffee Brand X falls. a. What happens to the demand for coffee Brand A b. What happens to the demand for coffee Brand X
How does this operating objective change the size of the deadweight loss. If you are a "benevolent" manager of a monopoly firm and are interested in reducing the deadweight loss of monopoly, should you maximize profits or maximize revenue.
Compare and contrast the monopolist and the monopolistic firm Monopolistic competition is an inefficient form of organisation. Discuss
Federal Reserve banks do all of the following except one. Which is the exception and today financial intermediaries do all of the following except one. Which is the exception?
Government play in affecting the supply also demand of a key commodity such as gasoline or electricity?
Explain the so called fiscal cliff and expected impact for the State of Mississippi and Mississippi Delta and for the firms herein using the key words you may have learned.
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