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Describe the effect on GDP, unemployment, and inflation of each of the following: (a) war, (b) elimination of environmental regulations, and (c) cuts in welfare benefits.
Consumers buy from the lowest price firm, and the highest price firm sells nothing. If the firms pick the same price, they split the market demand equally.
Venezuela had considerable capital outflows after election of Hugo Chavez. If Venezuela had fixed exchange rates, determine what effect would these flows have had on Venezuela's overall balance and value of the Bolivar
Consider three consumers indexed by i ?{1,2,3) with the following demand functions for a public good G. p1=20-1/10G, p2=20-1/10G, p3=30-2/10G
Jennifer's preferences are described by the following utility function... U=x^1/2+y^1/2. Does jennifer experince diminishing marginal utility? prove your answer mathematically. What is the graph of Jennifer's indifference curve?
A consumer's utility is given by U(X,Y)=X^0.25*Y^0.75. (To be clear, ^ denotes exponentiation, so the utility function is X to the 0.25 power multiplied by Y to the 0.75 power.) Given this utility function, MUx=0.25X^(-0.75)*Y^0.75, and MUy=0.75X^0.2..
Assume the demand function for good x can be written as Qd = 80 - 3Px + 2PY + IOI, where Px is the price of x, py is the price of good y, and I = consumer income. According to this equation; 1. Because the coefficient on the px is negative, x is an i..
Open-market operations have a fairly unpredictable effect on the supply of money. The Federal Reserve undertakes open-market operations on an infrequent basis. Open-market operations are extremely rigid.
Select any research idea that you are interested. Write down a research question. For example, I am interested in the Salary of baseball players. My research question is "Does age determines wages of baseball players?"
Interest rate parity suggests that the difference in interest rates between two countries affects the change in exchange rates over time. While not a perfect predictor, it has been shown to be an unbiased predictor and has more explanatory power than..
Given the current state of energy use, which continues to grow exponentially in such countries as China and India, what measures can the United States and other Western countries take to produce more fuel-efficient and environmentally friendly fuels?..
Consider a market containing four firms, each of which produces an identical product. The inverse demand for this product is p = 100 ? Q. The production cost for each firm is identical and given by C(qi) = 20qi , i = 1, 2, 3, 4. This means that for e..
How does depreciation affect capitol investing decisions? Any examples?
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