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There are over 5,000 banks in United State-- more than ten times the number per capita than other industrialized countries. A recent study indicates that the long-run average cost curve for an individual bank is basically flat. If Congress took steps to consolidate banking, thereby reducing the number of banks by half, what would you expect to happen in the industry? Why?
Elucidate why the Aggregate Supply curve becomes increasingly steeply sloped at levels of RGDP.
Assume that at current consumption levels an individual marginal utility of consuming an extra hot dog is ten whereas the marginal utility of consuming an extra soft drink is 4.
Illustrate what happens if there is an raise in demand that increases the price of the firm's product by 10%.
Springsten Music Corporation earned $820 million last year and paid out 20% of earnings in dividends. By how much did the company's retained earnings increase?
Gurgling Springs, Corporation, is a bottler of natural spring, is a bottler of natural springs water distributed throughout New England states. Five-gallon containers of GSI spring water are regionally promoted & distributed through grocery chains.
Elucidate this point of language so that it is understandable to someone untrained in economics.
Elucidate how does the subsiquent impact on the housing industry.
Assume that economy starts at equilibrium and the mpc= 0.75. Determine what would be the effect of a $300 increase in government spending once all the rounds of the multiplier process are complete?
Suppose demand function has changed t0o Qd2 = 14-P. What is the new equilibrium price and quantity. Show your work
Illustrate what will happen to the input prices wages (w) and rental rate of capital (r) after this change in technology.
Utilize an elasticity concept to elucidate each of the following observations.
Utilizing Starbucks as the organization, please help identify the market structure of the organization. Evaluate the effectiveness of this structure for the organization.
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