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Question: When should we use this Supply and Demand model in deciding the market price, and the change of the market price? Tell us about your daily experience. Do you think you can solve real world problems quantitatively with this model? You are encouraged to post anything here including your thoughts, questions and suggestions regarding the class topics. And everyone can share ideas and answer other's questions
In round numbers, real output doubled two times in the 40 years between 1950 and 1990, so it doubled every 20 years. This means that real output grew at a rate z that solves the equation 20 = 70 / z.Over this 40-year period, what is the average ann..
Does the federal budget deficit ever translate into a multiplier effect through government expenditures that create jobs How did the American Recovery and Reinvestment Act (ARRA) of 2009 have an economic impact
Would the combined measures be likely to have any effect on the person's consumption of cigarettes?Why or why not?
How might protective tariffs reduce both the imports and the exports of the nation that levies tariffs?
Graph this series for the period since 1995. Compare the graph you obtained with Figure 1 in Box 11-1. Did the low interest rates encourage growth?
Is religion today still suspicious of moneymaking? Why?
Suppose that the demand for high-skill workers lies everywhere above the demand for low-skill workers. Illustrate on a diagram the supply and demand functions for each type of labour, and the equilibrium for each type of worker.
At a 10% annual interest rate (compounded yearly), what is thepresent value of the cash flows? To receive full credit you mustuse 2 arithmetic gradients. what is the present value of the cash flows
Robinson Plastics makes clear plastic products with injection molding techniques. Their latest invention is a plastic cup with a sharp blade mounted inside to cut prescription pills into small pieces.
Why must the probabilities of the possible outcomes of a lottery add up to 1?
There are 75 firms in the perfectly competitive market for pencil erasers where the price is $50 per unit. Each firm faced costs of C(q) = 0.5q^3 - 5q^2 +65q How much does each firm produce and how much profit does each earn
Given that the opportunity cost of each picker's time is $10 per hour, label the socially optimal number of pickers and the number of pickers that will enter if the forest is an open-access resource. Explain why the pickers will dissipate the econ..
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