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When is M2 supply effected versus M1. If M1 goes down when you take money out of your checking account, why doesn't M2 change when you take money out of a savings account.
Imagine the hourly production for tuna cans is given by q = 6K + 4L. Assuming capital is fixed at 6, how much L is required to product 60 tuna cans per hour? Assuming capital is fixed at 8, how much L is required to product 60 tuna cans per hour?
Why do price gouging laws often fail to work?
First assume that each lawyer will pay his own bill. Describe their decision making process as a normal form game (describe the payoff matrix). Identify the Nash equilibrium or equilibria. Do you think that the Nash equilibrium or equilibria is a rea..
Your regional manager has asked you to develop a preliminary plan that would focus on how your bussiness can be a catalyst in 'local economic development'.
Consider the following Bach or Stravinsky coordination game with utilities. Identify all of the pure-strategy Nash equilibria for this problem. Explain whether or not the Nash equilibria are efficient. Explain how the government’s role, if one exists..
Many police officer positions require the applicant to have a college degree even though the tasks of a police officer rarely call upon college course material.
What is the difference between an induced expenditure and an autonomous expenditure in the Aggregate Expenditure model? Include a drawing a "typical" aggregate expenditure function. Label each axis. What does the intercept represent? What does the sl..
Discuss the following – What feature (s) of Medicare would cause an economist to say that “Medicare stinks as insurance”? Medicare supplement insurance is available from the commercial market and most commonly covers ‘up-front’ deductibles and least ..
two accompanying show supply an demand curves for two substitute commodities: regular cell phone and smartphones. A. Show what happens when rising raw material prices make it costlier to produce regular cell phones
When the demand curve and the supply curve both shift rightward at the same time (and that's the only information we have about this change) we can say that
If the price elasticity of a good is less than 0 but greater than -1, the good is considered _____________ and the company should ____________ price to maximize total revenue.
Construct a Capital Allocation Line for a portfolio consisting of the T-bills and the risky portfolio. Draw the line and indicate the y-intercept and the point where the portfolio is entirely made up of risky assets. What is the slope of this line?
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