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An article in the Economist observed that there were "some perturbing parallels between the gold standard and the euro." What parallels are there between the gold standard and the euro? What would make these parallels perturbing?
Why do consumers seek to maximize their utility? Is marginal utility more useful than total utility in the decision making of consumers? Why or why not? Is marginal utility per dollar spent a more accurate view than marginal or total utility? Why or ..
Why do producers have more interest in government regulation than consumers do? a. Compare and contrast the public-interest and special-interest theories of economic regulation. What is the capture theory of regulation? b. Which theory of regulation ..
8. In the 1980s, a Holiday Inn was built on Frontage Road in Newark, next to MTM Shredding. MTM had been there for years, and it used heavy machinery to compact and shred cars. Every once in a while, something went wrong at MTM and the Holida..
write a report based on the podcasts & the news article in the text and a critique as well (do you agree with Mankiw's view that "Consenting adults should be able to make economic trades
What is the price elasticity of demand for Delta flights between Chicago and Dulles - what is the cross-price elasticity of demand for Delta flights with respect to the price of Southwest flights?
Which of the following is an explanation of a feedback effect?
The question is a statement review. The statement is "any positive discount rate is the enemy of a one hundred year old tree". Here the long term implications of any such decisions are discussed.
Presume a consumer's preference can be represented by the utility function U(X, Y)=X*Y. Also suppose the customer has $150 to spend and the price of good X is Px=$2 and the price of good Y is Py=$3. If the customer maximizes their utility subject to ..
(a) What is the market clearing Bertrand price and quantity?
A decrease in the price level might cause: A. an increase in the quantity of aggregate demand because of the substitution effect. B. An increase in the quantity of aggregate demand because of the wealth effect. C. A decrease in the quantity of aggreg..
i.a. what is gross domestic product gdp and what is the use of it?b. comment on how well this measure serves its
How does mixed bundling differ from pure bundling? Under what conditions is mixed bundling preferable to pure bundling? Why do many restaurants practice mixed bundling (by offering a complete dinner as well as an à la carte menu) instead of pure b..
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