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Suppose a bank has demand deposits of $2500, excess reserves of $125, and a reserve requirement of 25 percent. what is the loss in the money expansion process of the whole banking system if the bank decides to lend out only $100?
Suppose that Campbell's, a major food manufacturer in the United States, can produce either canned soup or canned tomato juice. As a result of an increase in the cost of tomatoes, Campbell's decides to produce more soup and less tomato juice. You cor..
Choose an industry or market* and, based on the material in the last few chapters, analyze what type of market structure best describes your chosen industry/market. (i.e., is your industry monopolistically competitive, a monopoly, an oligopoly, or a ..
Suppose that doctors’ visits cost $20, and the typical consumer has an income of $100. Consumers spend all of their incomes on doctors’ visits and a composite good that costs $1 per unit. a) Draw a graph that illustrates the consumer’s budget constra..
Use the following information for the next 10 questions. You should draw a graph that depicts the situation below and use your picture to answer the questions. Assume that wages and prices are sticky and that we start at a long-run equilibrium. After..
According to Hayek, a social planner has no hope of matching the efficiency of a competitive pricing system because
Foods Inc (FI) sells 5 million units per year of its only product (SuperFood) through a major retailer. SuperFoods’ retail price is $5 per unit which included a margin to the retailer of 20%. alculate SuperFoods’ per unit variable cost, Calculate Su..
Anyone help me with this problem in excel? 4. Technology Maturation. Green Futures operates a solar panel power generation facility in Florence, Alabama. Green futures sells electricity for $0.07 per kilowatt hour. When should the panels be upgraded?..
What is the effect of an increase in the tax rate on interest income on the supply of and the demand for loan able funds?
"Other things equal, which reduces competition in an industry? "
18 years ago, a certain part cost $325. The cost index was 244 and now the index is 329. What cost below is closest to the estimated current cost for the item? Item number 16 took 190 minutes to make. If the learning curve rate is 90%, how long did t..
Suppose the own price elasticity of market demand for retail gasoline is -0.7, the Rothschild index is 0.5, and a typical gasoline retailer enjoys sales of $2,000,000 annually. What is the price elasticity of demand for a representative gasoline reta..
Using this information, draw a Lorenz curve for each country. Remember to convert the above table into a cumulative %. Illustrate which country has the most equal distribution of income.
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