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Why the pound might have fallen so low towards the end of 2009
Suppose you are a manager of a watch making firm in a competitive market. Your cost of production is given by C=200+2Q2 where Q is the level of output and C is the total cost.
Jerry receives utility from days spent traveling on vacation domestically (D) and days spent traveling in a foreign country (F) as given by the utility U(D,F)=DF. The price of a day spent traveling domestically is $160 and in a foreign country $200. ..
1. What are the Strengths, Weaknesses, Threats and Opportunities for Keto-Cue?
What is economics and what are the basic economic questions? 'Market society answers these questions using price signals and free interaction in the market.' What are the social outcomes which market economy claims to provide? (briefly explain each o..
In a random sample of 250 households, what is the probability that fewer than 120 have a PC?
Suppose there are two types of shirts available to Carl: red shirts and black shirts Carl is always willing to exchange three black shirts for one red shirt. Are Carl's preferences monotonic? How do you know?
Discuss the definition of and causes of recession and depression, including factors such as inflation, tax rates, interest rates, unemployment.
Suppose the price of a pack of cigarettes is $30 and the cigarette consumption is 100,000 packs a day. The government now introduces a consumption tax of $10 on cigarettes. Cigarette consumption decreases to 80,000 packs a day. Assume that the demand..
The demand curve facing a monopoly firm is given by the equation P = 1000-5Q. The firm produces at a constant marginal and average cost equal to $100. Using this information, calculate: The profit maximizing quantity; the profit maximizing price; tot..
Generate the point forecasts and prediction intervals, using ARIMA (1, 1, 0) +C and ARIMA (0, 2, 2), respectively.
Free trade is generally advocated by economists, since it can generate overall benefits to the trading nations. Most trade policies which create barriers to tra
Provide an essay of at least two well-developed paragraphs that detail at least two benefits of requiring a balanced budget OR detail.
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