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Discuss characteristics of consumer surplus and Prodecer surplusm.
What would an economy based on these more fundamental relations among individuals look like? How would it differ from the economy described in the Wealth of Nations?
What does ?nancial intermediation mean? What are the different ?nancial intermediaries in your country. Which of their liabilities would you classify as components of the monetary aggregates? Discuss.
Given the Production Function: Q = 21X + 9X2 - X3, where Q = Output, and X = Input . At what value of X does Stage II of the production function begin?
Discuss the Federal Reserves use of open-market operations to influence the money supply and the respective consequences of such actions.
a find recent values of per capita gdp for two countries of your choice. explain two reasons why these values might be
a monopolist faces demand given by p 100 - .4qd and has marginal costs given by mc 10 .2qa. draw demand marginal
Discuss the method of estimating earnings called Synthetic Life-time Earning
Let us assume that an economy in which there is no widely agreed upon form of money. In other words, suppose we are dealing with a barter economy.
Find the conditions under which a single-product firm with constant average costs that knows that the VF mechanism will be implemented in period two will waste in the first period.
Basic economic facts about modern society
How are market price, average revenue, and marginal revenue related for a perfectly competitive firm and why?
Jack shares a small apartment with some roommate. There are many cans of baked beans in the pantry. Jack is very hungry, and consumption of baked beans yields marginal benefits to Jack of 16-3Q, where Q is the number of servings of beans. The beans m..
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