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Draw the S/D diagram for a good like gasoline which creates a negative externality. Use it to prove the market will not produce the optimal quantity. What method do economists feel is the best way to solve this problem? Illustrate the effects of that policy on the graph.
Explain the four phases of the business cycle. What is the difference between recession and depression? How or what are the causes?
a) Find the critical value of t for a 90% confidence interval with df = 30. t= ___ (Round to two decimal places as needed.)
In the most recent economic downturn, what types of polices were actually implemented (fiscal, monastery, or both?) to stimulate the economy? Provide examples of the policies and tell if it was a success, and why?
A certain population of the annual incomes of unskilled laborers has a standard deviation of $1200. A random sample of 36 such incomes results in a sample mean
For every co?ee (C) that Chandler drinks, he needs 2 cups of sugar (S). He won’t drink a co?ee if he has less than 2 cups of sugar and he won’t care about having more sugar if he doesn’t have more co?ee. Find an utility function that represents these..
What is the approximate correlation coefficient (r) for your scatter diagram?
A newspaper recently lowered its price from $0.50 to $0.30. As it did, the number of newspapers it sold increased from 240,000 to 280,000 (4 points) a) What was the price elasticity of demand for this newspaper (Arc/ mid-point formula)? What was the ..
If hard freeze eliminates Brazil's premium coffee crop, illustrate what will happen to the price of premium coffee.
Using shifts in supply and demand curves, describe how a change in the exchange rate affected your industry. Label the axes, and state the geographic, product, and time dimensions of the demand and supply curves you are drawing.
A machine costs $70,000, and generates revenue of $20,000 per year. However, O&M costs are $3,000 per year. The machine lasts 7 years and your MARR is 8% annual rate compounded annually. What is the Present Worth (or Net Present Value)?
In 1885, first class postage for a one-ounce letter cost $0.02. The same postage in 2015 costs $0.49. What compounded annual increase in the cost of first class postage has been experienced over this period of time?
There is no per-unit subsidy, s, of the 2-?rm Stackelberg follower that would end up having the leader and follower be equal in size.Assume p(Q) = a - bQ, and that both ?rms face constant marginal cost of production and no ?xed costs.
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