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Discussion 1: Describe a situation in which you experienced the law of diminishing marginal returns. How did this affect you? Your journal entry must be at least 200 words in length. No references or citations are necessary.
Entry of firms in a monopolistically competitive industry is characterized by two "external" effects. What are these effects and how do they affect a monopolistically competitive firm. How are consumers and incumbent firms influenced by these exte..
Consider a monopolistic firm selling the same product in two separate markets, A and B, which have different demand curves. The demand in market A is defined by PA = 18 - 2QA for positive prices and quantities (i.e., for all PA, QA > 0) and the de..
Here is an article for discussion http://www.uniteduc.org/why-is-education-so-important why education is so important?
What are some of the different political influences and various stakeholder interests that exist in the federal government in terms of budgeting?
Suppose we observed an economy in which changes in the money supply produce no changes whatever in nominal GDP. What could we conclude about velocity?
Suppose that the price of the product is $5. How many units will the firm produce in the short run? In the long run, will the price rise or fall from the current level at $5? Explain the reason
Based on the trade effects, who do you expect to favor such a policy? Who is likely to be against this policy? Why?
Suppose the relationship between quantity demanded and price and income is estimated to be
Imagine a person's utility function over two goods, X and Y, where Y represents dollars. Specifically, assume a Cobb-Douglas utility function:
Write your individual answers to both questions listed above together not each minimum 300 words in essay format in APA style
Discuss what GDP is and what it measures? Discuss what the shortcomings (limitations) of GDP as a measure of well-being and welfare of a nation are?
The price of a house in Year 1 was $50,000. If the price index for Year 1 is 101, and for Year 2 is 202, the value of the house in Year 2 is ________.
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