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What influence do consumers have on market structures?
What influence do producers have?
Suppose that corn currently costs $8.00 per bushel and that wheat currently costs $6.00 per bushel. Also assume that the price elasticity of corn is 0.25, while the price elasticity of wheat is 0.30. If the price of corn fell by 25 percent to $6.00 p..
New York University is one of the most “liberal” law schools in the country. However, in spite of the political leanings of the faculty and the students, the vast majority of its law graduates enter lucrative large firm law practices, not public inte..
Converse alternatives to GDP as a measure of economic benefits in a current economy.
As an HR manager how might you manage this kind of work environment? How would you keep track of individuals? How might we engage continual development programs?
Suppose the own-price elasticity of demand for good x is -0.25, and that the quantity of good x increases by 5%. what would you expect to happen to the total expenditures on good x?
Explain the difference between economies and diseconomies of scale. Provide examples of when an actual firm might benefit from economies of scale
Discuss how each of the following will affect the market clearing price and quantity in each market. Discuss how the supply and/or demand curves will shift in the following cases (if at all). Incomes rise and the good is a normal good. The state of t..
Jessica will live for two periods. She is only able to work in the first period, when she earns $100. The interest rate between the first and second period is r, meaning that if she saves X in the first period she can consume X(1+r) in the second. As..
Suppose you buy a bond on March 3, 2016 for $1,000 that pays you interest at 8% annually ($80 per year). The bond you purchased matures on March 5, 2025. Next year, on March 3, 2017, you decide you want to travel during Spring Break and choose to sel..
What is your own view on poverty and Do you consider your view to lean towards the liberal or conservative view of poverty?
Do you think it is more appropriate to characterize to shape of the Short Run Aggregate Supply Curve as vertical or as upward sloping? Why? Discuss in detail, being as specific as possible.
Consider the combined Solow-Romer model (i.e., there are both capital and idea stocks) that we worked through. Suppose the economy begins on a balanced growth path in the year 2000. Then in 2030, the depreciation rate ¯d rises permanently to a higher..
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