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Draw supply and demand curves. Show the impact of an increase in demand on the price and quantity exchanged in the market. Show the impact of a decrease in demand on the price and quantity exchanged in the market.
Austin, a US Crude Company engineer recommended that US Crude purchase a special tool to reduce the cost of pumping oil out of the bayous of St. Martin Parish. As a result of Austin's recommendation, US Crude purchased the tool for $300,000 on Januar..
Illustrate what does this mean for the survival of small firms in the industry.
q.assume that you live in a simple economy in which only three goods are produced and traded fish fruit and meat.
Use the endogenous growth model to determine the effects of this on the paths of aggregate consumption and aggregate output overtime.
Using a local, state, or federal government agency’s budget: Analyze how and where revenues are derived for the agency. Analyze which revenues are used in which funds: governmental, proprietary, and fiduciary. Evaluate how public policy decisions aff..
Why is the financial system of a country important for long-run economic growth? Firms care about their after tax return on investment projects. Consider the following data for closed economy
If due to over-harvesting of coconuts they become more difficult to acquire, taking 2 hours to pick one coconut, Illustrate what combination will maximize utility.
Illustrate what is the tax burden on consumers also producers. Illustrate what is the deadweight loss.
Illustrate what financial market yield data can the Federal use to determine if longer term inflation expectations are well anchored
Analysis of Pricing: You manage MBA Deli which sells meals at a price of $6 each. The average number of meals sold per month is 7,000. MBA Deli would like to increase its sales and profits. The MBAs running the Deli, know that if price is lowered, th..
Who benefits from a tariff or quota? Who loses? Why would domestic markets benefit from protectionist trade policies? How do protectionist trade policies affect a government’s wealth and fiscal policy?
A consumer has preferences u(x) = 2x 1 2 1 + x2. The price of good 1 is p1 > 0 and the price of good 2 is 1. You may restrict your attention to interior solutions throughout. Explain whether these preferences are i) monotonic, ii) quasilinear, iii) e..
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