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Question: 1. What's the best way to think about the rise in oil prices in the 1970s, when wars and oil embargoes wracked the Middle East? Was it a rise in demand, a fall in demand, a rise in supply, or a fall in supply?
2. What's the best way to think about the rise in oil prices in the last 10 years, as China and India have become richer: Was it a rise in demand, a fall in demand, a rise in supply, or a fall in supply?
Determine the price at output level - Complete the Microsoft Excel Template given below using the data in the problem.
write down the normative economic statement and positive economic statement. describe in detail write difference when
1. marginal revenue product is defined as the change in total revenue that results from the employment of an additional
Discuss/summarize the treatment of the problem in the broader literature (look at the bibliography) and by public policy if appropriate. (5 pages).
What is the new equilibrium number of firms?
Discuss why is increasing per capital income necessary but not sufficient for broadly dipping poverty and improving human welfare?
What is the "current macroeconomic situation" in the U.S. as of 2013 (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.) What fiscal policies and monetary policies would be appropriate at this time
Suppose twenty neighbors share a park. One of the neighbors, Al, leaves trash in the park. This bothers the other neighbors.
Calculate the price elasticity of demand for frozen orange juice between the price of $2.00 and $3.00. Is the demand elastic or inelastic?
(a) Compute the mean log NO2 concentration for treated monitors before and after the nearest toll plan was converted to E-ZPass. Is there a statistically significant change in NO2 levels? Repeat for monitors that ware from 4-10 km from the nearest to..
you have just inherited 100000 from your rich uncle sam. being the conservative sort you rush to your local bank and
why does a consumers price elasticity of demand for a good depend on the fraction of the consumers income spent on the
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