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Q1. Illustrate what financial market yield data can the Federal use to determine if longer term inflation expectations are well anchored?
Q2. John fishes for a living. Last year, he sold $100,000 of fish. Bait, nets also other fishing supplies cost John $10,000 also he paid $40,000 in salaries to his he lands. Depreciation on his boat also other equipment, as computed using IRS rules, was $15,000. Illustrate what was John's profit as would be computed by an accountant
Q3. Explain how the inelasticity of demand for a firm governs the degree of monopoly by controlling the range for raising price.
Explain how the reduction in supply from the reduced fishing waters will either increase or decrease consumer surplus and producer surplus.
Why might variations in the dollar's value in terms of other currencies cause the trade deficit to move independently from the changes in the government budget deficit.
Which among the equation will you choose for a better demand estimation. Illustrate answer in the language of statistics.
Why would we expect that the price elasticity of demand for the product of an individual firm would typically be greater than the price elasticity of demand for the product overall.
How would I find out by how much the price of water needs to be raised to reduce demand by 40% if the price of elasticity is 2.0.
Explain how high must the deductible be to encourage low-risk behavior
Explain the difference between a person's nominal income and their real income. Why is real income more important to that person.
Briefly explain the meaning of f test why do you think this test is considered to be more important in multiple regression analysis than it is in simple regression analysis.
Government data that computes averages, such as the consumer price index, are applicable to everyone.
Demand curve is d1, what will be the change in her revenue. If her demand curve is d2 what will be the change in her revenue.
Solve for equilibrium real output and also solve for the equilibrium interest rate.
Assume that every driver faces a 1% probability of an automobile accident every year. An accident will, on average, cost each driver $10,000.
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