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Short Essays:
Listen to the BBC In Business podcast: Bubbles and Bursts (23/09/2007)
Question: What are the causes behind financial crises? Why do these events keep repeating throughout history?
The Chinese government managed the value of the chinese yuan relative to the US.between 1995 -2005 the yuan was pegged to the dollar at a rate of 8.28 yuan per US. China's central bank is responsible for using monetary policy to defend the fixed exch..
The classical dichotomy and the neutrality of money. Which of the following give the nominal value of a variable? Check all that apply. Which of the following give the real value of a variable?
If the Japanese yen appreciates against the U.S. dollar,
Price discrimination leads to a ________ price for consumers with a ________ demand. In order to maximize profits, an airline will offer ________ prices to customers with ________ demand.
Suppose that in addition to repairing your car, you can also spend money advertising. If you repair your car for Hours and spend A dollars advertising, your benefit(the amount you receive when you sell your car) is B(H,A)=220H-H^2+2A. Write down the ..
In the production function Q = 10L1/2K1/2 calculate the slope of the isoquant when the entrepreneur is producing efficiently with 9 laborers and 16 units of capital. (Hint: The slope of the isoquant = the ratio of the marginal product of labor to the..
Suppose the consumer/worker values two things: a consumption good C and leisure: Suppose that there are 24 hours in a day and the consumer/worker has a utility function U (C; `) = C0:5`0:5: How is this problem different from the standard utility maxi..
A firm’s labor demand and labor supply equations are shown below. The equilibrium wage is $? and the equilibrium quantity of labor employed is ? people.
What bank regulations are designed to reduce moral hazard problems created by deposit insurance? Will they completely eliminate the moral hazard problem? What are the costs and benefits of a too-big-to-fail policy?
q1. why does a profit-maximizing firm hire workers up to the point where the wage equals the value of marginal product?
Explain it surprising that the company's revenue increased when it decreased the average selling price of its phones.
Tad's bait shop has a monopoly in the bait market. Demand is given by q=56-8p and mc=0.25q. find profit maximizing output and price. find the level of consumer surplus that accompanies tad's profit max choice of output and price. determine what consu..
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