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1. Strictly speaking, pure competition never has existed and probably never will. Then why study it?
2. Why is the equality of marginal revenue and marginal cost essential for profit maximization in all market structures? Explain your reasoning.
Elucidate why the US would subsidize the short run costs of production for tobacco farmers in foreign countries.
b)calculate the amount of additional reserve this bank would like to loan out to customers c)if this bank loans out the reserves you calculated in part ( b above, how much will the money supply change as a result)
Mr.Fritz wishes to purchase a bond having a face value of $1000 and a bond rate of 8% payable annually. The bond has a remaining life of 12 years. In order to earn 10% rate of return on the investment, what amount should be paid for the bond?
How much is equilibrium level of income or output if Fed decides to set the rate of interest at 10 percent (r=0.10).
Elucidate how these economic concepts can be used to address the firm's problems and opportunities.
Identify and discuse the IS-LM framework (determination ofincome and the interest rate) and equivalent AD-AS framework.(determination of price level and income) and how changes inequilibrium occur as a result of changes in fiscal
Moorea spends all of her income on Mochi Frozen Yogurt which costs $1 per cup. She makes $400 per month but lives in a bad neighborhood and is robbed of half her money 20% of the time. Assume YN and YR represent her consumption of yogurt in cups i..
If the price changes above occurred for all goods across the economy during the four year period, elucidate how nominal GDP and real GDP would differ.
Suppose that the level of investment is $16 billion and independent of level of total output, complete the accompanying table and estimate the equilibrium levels of output and employment in private closed economy.
Illustrate what is a fixed exchange rate system. Discuss whether it is basically good or bad, and explain.
Event 1: The government passes a law allowing states to pay unlimited unemployment benefits to all unemployed workers for an unlimited amount of time. Event 2: The federal government increases the restrictions on the immigration of skilled workers
A price-discriminating monopolist of the 3 rd degree sells output in 3 different markets. Some, but not all pairs on the 3 linear market demand curves are given below.
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