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Describe the process in the money market (demand and supply of/for money) by which the interest rate reaches its equilibrium value if it starts above equilibrium. (Principles of Macroeconomics)
How would you use these cost and revenue estimates to determine whether a sales force increase or possibly a decrease is warranted.
Assume that the newspaper can't differentiate students from teachers and can only charge a fixed price per article.
Describe absolute and comparative advantage. Explain the influences affecting foreign exchange rates.
What effects would each of the following have on aggregate demand or aggregate supply? In each case use a diagram to show the expected effects on the equilibrium price level and the level of real output. Assume all other things remain constant.
Suppose two firms supply the market for computer chips and their products are perfect substitutes. The firms choose what quantity to produce independently, i.e. compete as Cournot. What is the one-period Cournot-Nash equilibrium output and price? Wha..
Q. Explain how and why a monopoly would try to price discriminate. Serving food on weekdays to business people and retired people.
In regards to ethics, "Right is right and wrong is wrong...Right?" Think about this statement/question in terms of individual ethics, societal ethics and business ethics. Does your standard of what is right and wrong change with circumstance?
Suppose both product and factor markets are competitive, why is the labour demand curve downward sloping? How does technological progress shift the labour demand curve? Professors, lawyers and doctors receive similar amounts of education, why are pro..
Elucidate the drastic change also Illustrate what this meant for the U.S. population.
Sketch the extensive form of the game, carefully labelling the players that move and the actions they have available
What is the firms revenue function? Graph this function. Give a plausible reason why a firms demand might look like this.
What do we know about the proportion of peanut butter to jam held by Bob in any equilibrium? If Adam held all of the peanut butter in the initial endowment, is it possible that he end up with nothing in the equilibrium?
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