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Why might banks be reluctant to lend money if inflation in the economy tends to be higher than expected from time to time? Justify your answer(s).
James works for a delivery company in College Station where he consumes bundles of two commodities x and y. Prices in College Station are px=1 and py=5. James’s utility function is U(x,y)=x1/3y2/3 and his income in College Station is $2500. What happ..
Illustrate what happens when a consumer decides to save and reduce thier spending of consumer goods. Does this affect the supply of money, demand of money or the intrest rate.
What is the future worth in Sally's savings account at the end of the 7 years, if the account earned 6% annual interest, compounded monthly?
How does the health of the economy affect your financial health? How healthy is the U.S. economy right now? On what measures do you base your judgments? How will your appreciation of the big picture help you in planning for your future?
How much will the quantity demanded change from the amount demanded before the tax? what price will consumers pay after the tax? what price will sellers receive after the tax?
Suppose the market for a certain dosage of generic cholesterol-lowering statin drugs has a supply described by P=15.88+0.19Q (with price measured in cents per capsule and quantity in millions of capsules per day) and a demand described by P=98.74-1.2..
For a profit maximizing monopolist, _____. In contrast, for a profit maximizing perfectly competitive firm, _________.
Do you think the Business practices in an Islamic country are likely differ from Business practices in the United States? If So how?
Suppose demand conditions in industries X and Y are identical but that productivity increases by 5% in industry X and 2% in industry Y. If economy-wide productivity and the average wage each rise by 3%, we should expect that:
A movie theatre has a cost function which entails the rent of the commercial building of $50 per day (fixed cost) and a marginal cost of $5 per viewer. Assume now that the movie theatre can give price discounts to students. Explain the concept of pri..
Sage has $80 to spend this month on CDs and/or DVDs. A CD costs $10 and a DVD costs $20. What is the opportunity cost of the second DVD? Indicate on your graph the combination point showing Jane consuming 8 CDs and 4 DVDs (label it A). What can you s..
Describe the relationship of race, class, and gender and its effect on health and mental care delivery in the United States. What steps could be taken to guarantee that all have the same access to the appropriate health care? Should funds be made ava..
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