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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.
Several medical studies have shown that red wine in moderation is good for the heart. How would such a study affect the public's demand for wine?
For a firm to minimize its costs with more than one factor of production, for every factor, the
Identify and discuss some of the other factors that influenced the growth of social media. To get you started and pointed in the right direction, consider how the use of digital cameras, digital video cameras, cell phones with cameras, and portable d..
What is the Federal Reserve and why does it exist in our economy? What is Monetary Policy and how does it make adjustments to inflation problems? What was QE (Quantitative Easing) and why did the FED instigate Quantitative Easing? What was the outcom..
The price-quantity relationship has been estimated for the new prostate cancer blood test: Q = 4,000 – 20 × P. Use a spreadsheet to calculate the quantity demanded and total spending for prices ranging from $200 to $0, using $50 increments. For each ..
Consider the following distribution of income in a 12 person economy, with the modern urban wage=3, the traditional rural income=1 and the informal urban wage = 2: (1,2,3,1,2,3,1,2,31,2,1). the poverty line is at 1.3. What is the level of absolute po..
There are 1,000 individuals in the city of Lincoln wishing to sell their used cars. The value of a car, V, ranges between $0 and $3000. The distribution of values is such that the number of used cars is worth less than $V is V/3. The true value of th..
Suppose that Verizon Wireless has hired you as a consultant to determine what price it should set for calling services. Suppose that an individual's inverse demand for wireless services in the greater Boston area is estimated to be P = 100 − 33Q and ..
If Mia views two cups of tea as a perfect substitute for one cup of coffee and vice versa, what is her marginal rate of substitution between tea and coffee?
Define monopolistic competition. How is monopolistic competition similar to monopoly? How is monopolistic competition similar to perfect competition?
a Draw the total product curve b Calculate the average product of labour and draw the average product curve.
q1. given the choice between a1000 p 1.0 and b1200 p0.90 kathy prefers gamble a. does this mean she is risk averse?
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