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There are various makers of smartphone protective cases are constantly introducing and retiring new models as new phones are introduced and consumer's preferences change. What form of competition best describes this market?
Suppose that the government increases taxes by $150 billion. Suppose that the MPC is .80 and that there is no crowding out effect. Which is the effect of this change in Yd, in C and aggregate demand?
Consider a two-country (Home and Foreign) two-good world (wheat and cloth). Let MPLw and MPLc be 4 and 2, respectively. Let L=25. Suppose that the number of workers doubles in Home. What happens to the Home PPF and what happens to the no-trade relati..
Under which conditions might this happen and what is the likelihood that rising expenditures will contribute to rising deficits?
What are some of the ways a seller of goods might reassure a possible buyer who is faced with imperfect information? What are some of the ways that someone looking for a loan might reassure a bank that is faced with imperfect information about whethe..
Industry X is characterized by perfect competition, so every firm in the industry is earning zero economic profit.
1. Suppose that each day there is a 10% chance of rain and whether or not it rains each day is independent of all the other days.
Assume Americans currently import more than they export. Illustrate the effect of foreign- ers becoming more optimistic about their future incomes. What happens to the quantity of Americans’ net imports? What happens to American consumption? Suppose ..
On the other hand, people in developing nations usually degrade also pollute their environments locally also Do not have the similar high level of technology to mitigate these effects.
1. Explain what MANIA stands for as causes of WWI. 2. Why was WWI nicknamed "the war to end all wars?"
The following equation represents the weekly demand that a local theater faces. Presently the theater advertises 125 times per week. Assuming this is the only theater in town, and its marginal cost, MC, is equal to zero, Determine the profit maximizi..
Suppose a lake is publicly owned, i.e. a common property resource, with free fishing for all. The number of fish caught varies with the number of people fishing
Briefly explain the term post investment holdup. Give an example. How can this problem be solved (Give any one brief solution)
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