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Give two examples of economic issues that are primarily microeconomic and two examples that are primarily macroeconomic. What is the general difference between microeconomics and macroeconomics?
What are the particular problems associated with the firm represented by the SATC curve shown in the graph? Does it represent a firm that would be able to survive over time?
Given the following examples determine and explain which types of elasticity of demand you are able to calculate, and then calculate using the formulas given in the textbook. After calculating please interpret the calculations.
Damaged goods and obsolete items have been properly accounted for.
If the demand curve for wheat in the United States is P = 12.4 - Qp where P is the farm price of wheat (in dollars per bushel) and is the quantity of wheat demanded (in billions of bushels), and the supply curve fo wheat in the United States is P ..
What happens if you estimate the wage regression similar to (10.12) in a world in which the source of disparity in schooling is differences in discount rates across individuals?
Assume the nominal interest rate remains the same but the rate of inflation increases. What happens to the real interest rate? Why do you expect the individual to borrow more?
Explain the central limit theorem in the context of the current problem, and indicate how it was useful in finding these probabilities - Find the critical Z values
What is the dollar rate of return on a 10,000 pound deposit held in a British bank for a year when the British interest rate (annual) is 10 percent, and the exchange rate is $1.50 per pound at the beginning of the year
1. One year ago, you bought a bond for $10,000. You received interest of $400 at the end of the year, as well as your $10,000 principal. If the inflation rate over the last year was five percent, calculate the real return.
Haircuts in Mulletville. The town of Mulletville has a single hairstylist. The marginal cost of a haircut is the same for men and women ($10). The quantity of haircuts is 100 for men and 100 for women. The profit-maximizing price for women is $35,..
The Present value of the following 2 cash flows are equivalent if the interest rate is i. Which one is more valuable if the interest rate is 2i? P=F(1+i)^-n Option 1 = 3 periods Option 2 = 2 periods.
This year 200 workers will lose their jobs, 170 workers will return to the labor force after an absence 1100 workers will voluntaryly leave their jobs, and 50 new workers will enter the labor force. At the same time 726 workers will find jobs, and ..
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