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Suppose that you are a big fan of the Harry Potter books. You would love to own a copy of the very first printing of the first book, but unfortunately you can't find it for sale for less than $5,000. You are willing to pay at most $200 for a copy, but can't find one at that price until one day in a used bookstore you see a copy selling for $10, which you immediately buy. Are you being irrational if you keep the copy rather than sell it?
what are the different types of unemployment? how do they affect the economy? what is inflation? what is deflation?
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how does a government budget surplus affect the u.s. economy? identify two periods in recent history in which the
Suppose we have a duopoly in the production of mineral spring water. Each firm has the same cost structure where MC(Q) = 10. The market demand for mineral spring water is given by:
If a small country wants to protect its domestic producers from more efficient foreign competition by imposing an import tariff, will it come out ahead Do consumers lose when a large country protects it's less efficient producers from foreign comp..
As you know, the Affordable Care Act expands coverage for low-income US citizens by giving them access to Medicaid. As you also know, not every state has taken advantage of this Medicaid expansion. What economic argument can you make for expanding Me..
Write down the consumption function, the investment function and the planned aggregate expenditure function. Write down the equation representing the economy at its equilibrium.
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What are the current monetary policy goals - How has the Fed attempted to meet some of these goals? What have been the outcomes?
leadership is the process by which a person exerts influence over other people and inspires motivates and directs their
Compute the unit price if the ventor sold 200 CDs. Compute the demand curve for CD. Calculate the fixed and variable costs. Calculate the break even quantities (number of CDS).
What is the probability that a household with an income of 20,000 will own a car? And at an income level of 25,000? What is the rate of change of probability at the income level of 20,000?
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