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1. What trends in the economy did you encounter?
2. As the chair of the Board of Governors of the Federal Reserve, how did you respond to these changes in terms of changing monetary policy?
3. How did the economy react to your monetary policy changes?
4. Were you reappointed at the end of the game? Why or why not?
The table below shows the hypothetical prices and quantities demanded of a software product. Assume that the fixed cost of setting up the production of software is $200 and the marginal cost is $5.
The local Audubon Society has just put a new bird feeder in the park at a cost of $500. The feeder has a useful life of 5 years and an annual maintenance cost of $50. Fred, was very impressed with the project. He wants to establish a fund that will m..
The Apex Company sold a water softener to Marty Smith. The price of the unit was $350. Marty asked for a deferred payment plan, and a contract was written.
Globalization and global trade have led to increased competition in world markets and increased efficient allocation of scarce resources. Is it accurate to say that this is contributing to increased consumer surplus and reductions in inflationary pre..
The short-run production function of a profit maximizer firm is given by f(L) = 6L^(2/3) , where L is the amount of labor it uses. The cost per unit of labor is w = 6 and the price per unit of output is p = 3. How many units of labor will the firm h..
During a year of operation, a firm collects $175,000 in revenue and spends $80,000 on raw materials, labor expense, utilities, and rent. The owners of the firm have provided $500,000 of their own money to the firm instead of investing the money and e..
You do not expect there to be any regulatory hurdles to this transaction, which will allow the transaction to close in six months' time.
In order for a price-discrimination scheme to be effective at boosting profit, the seller must...(choose correct answer(s))
Write that system in the space below and solve that system to determine x and y values that satisfy both equations.
The constant rate no before the one child policy; after the introduction population growth drops to the constant rate n1 analyze the effect of this policy.
Dramatically cut military spending. Raise taxes significantly on the wealthy. Raise taxes substantially on low & middle incomes by imposing a national sales tax. Dramatically cut Medicare budgets for senior health care by privatizing it (Ryan plan)
Are you thinking of bypassing a gasolinefueled car in favor of a hybrid (gasoline and electric) automobile? Let's take a look at the relative economics of your possible choice. The gasoline-fueled car sells for $20,000 and gets 25 miles per gallon (m..
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