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A 1200 kg cannon fires a 100.0kg cannonball at 45m/s. What is the velocity of the cannon? Assume that frictional forces are negligible and the cannon is fired horizontally.
Suppose households hold $0.30 in currency for every $1 they have as demand deposits (checking accounts). Also, banks hold 20% of their deposits as reserves. Instead of Bonds being sold, suppose that households chose to hold less in currency and more ..
When interpreting bond prices as present values, discuss what fac- tors determine the price of a two-year discount bond. Include in your answer an explanation of how changes in each of these factors affects the price of a two-year discount bond.
Discuss possible hold-up problems, importance of long term contracts, and possibility of underinvestment in labor that might occur under such compensation schemes.
Illustrate what was impact on supply and demand of labour on one sector of labour market. Elucidate factors that affected labour demand and labour supply in chosen historical example.
Assume that the economy is currently in short run equilibrium but is experiencing inflationary gap. If you are a Keynesian economist and believe that economy is NOT self-regulating under these circumstances, graphically illustrate and explain how the..
State the economic meaning of the following equation in a sentence with only words and no mathematical references: (w) ∂/∂w (ln (xb3(p, w))) = −1 You need to do the calculus to solve this little puzzle. Show all your work. (xb3(p, w) is the generic d..
University of Chicago economist Christian Broda opines because the affluent tend to consume more goods and services that typically have less competition, this means their prices are less elastic than goods and services who are subject to greater comp..
Dianna has a choice between lobster and steak for dinner. The lobster dinner costs $30, and gives her utility of 60, while the steak dinner costs $20 and gives her utility of 50. Which should Dianna choose? Robert spends all his income on dancing sho..
Determine the price elasticity of demand at each quantity demanded using the arc or midpoint formula.
Market equilibrium maximizes the total surplus in a market and therefore it is efficient. Market equilibrium guarantees that all mutually beneficial transactions take place. A maximum price below the market equilibrium price will lower the total surp..
What is the relationship between a monopolist's demand curve and the market demand curve? what is the relationship monopolist's demand curve and the marginal revenue?
Give at least one example of a country with a high growth economy and a country with a low growth economy. Explain how the politics in each country affects the economy.
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