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Project: The Firm and the Consumer Each participant is expected to select a sector/sub-sector/company to analyse. Please read the newspaper, magazine, and journal articles to analyse and research the important issues of that sector/sub-sector/company. For example, if you select to study the Automobile sector, you are required to read the articles related to it and analyse the key issues by linking them to the course.
A. If the required reserve ratio is 15 percent, currency in circulation is $400 billion, checkable deposits are $1000 billion, and excess reserves total $1 bill
Consider the second stage of competition between Samsung, HTC and Sony. Once Apply has chosen some output level q1, Samsung, HTC and Sony will compete simultaneoulsy over their product quantities. Write down the best response functions for Samsung, H..
In reference to supply and demand as well as demand and supply elasticity. What did you learn? Why is it important? How do the Economics concepts we just covered impact the economy, you and your family, your friends and your employer?
In 125 word count Name a type of document that can be created with Microsoft Word. Using what you have learned from practice
What is the relationship between economies of scale and a natural monopoly? Why is the level of output at which marginal revenue equals marginal cost the profit-maximizing output?
Suppose the demand function for a profit maximizing monopolists good is P = 160 - 0.5Q, its total cost function is TC = 20 + 10Q + 0.3Q2, and its marginal cost function is MC = 10 + 0.6Q. If the firm uses a uniform pricing strategy, then rounded to t..
llustrate what is maximum amount it would be worth to shareholders to elicit high CEO effort all time rather than low CEO effort all time.
Imagine the following goal of Lenin/Stalin at the beginning of the Soviet regime in Russia: to overtake (i.e. equal) and surpass the world’s industrialized economies in terms of GDP per capita. At what average annual rate will income per capita in th..
Donald Trump says he will force Mexico to pay for a wall between Mexico and US. Suppose the Mexican government builds such a wall. Using a Keynesian 45 model, illustrate and explain the effect on the GDP, unemployment, and the price level in Mexico.
Economists often assume that insurers set premiums (nearly) equal to the AFP for that plan. Is that an accurate assumption? Is a higher “load” on insurance premiums necessarily a bad thing for consumers? When might a higher load be a sign of problems..
Who benefits from a tariff or quota? Who loses? Why would domestic markets benefit from protectionist trade policies? How do protectionist trade policies affect a government’s wealth and fiscal policy?
A frequency curve is constructed from the test scores of 200 students. Sixty percent of the total area under the curve falls between test scores of 25 and 45.
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