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Suppose that an oracle offers to solve the Diffie–Hellman problem for you. Explain how you can use the oracle to decrypt messages that have been encrypted using the ElGamal public key cryptosystem.
Which of the following best describes the concept of utility and economic behavior?
Explain the difference between an increase in demand and an increase in quantity demanded. Draw separate graphs of each to help support your answer. (Be sure you have addressed why each of these changes have occurred)
Briefly describe a product or service you use every day and suggest a better approach to advertising that product/service than is currently being used. Explain your rationale.
The local swimming pool charges non-members $10 per visit. Members pay $5 per visit, and an annual fee $F. Draw a diagram where the horizontal axis measures the annual number of visits, and the vertical axis measures $ spent on all other goods. Suppo..
A firm uses 50,000 workers to produce 200,000 units of output per day. Compute the values for the following four formulas.
If the firm sells output in a perfectly competitive market and other firms in the industry sell output at a price of $35, what level of output should the firm produce to maximize profits or minimize losses? What will be the level of profits or losses..
Suppose economy starts with GDP at potential, the real interest rate and marginal product of capital both equal to 3% ad a stable inflation rate of 2%. Analyze the effect of this shock in IS/MP diagram. What policy response would you recommend to fed..
A company produces and sells a consumer product and is able to control the demand for the product by varying the selling price. The approximate relationship between price and demand is. What is the number of units that should be produced and sold eac..
Which fiscal policies might activist Keynesian economists recommend helping a depressed economy regain full employment
1. One IKEA executive says that the current global economic situation has "pushed innovation" at the company. In fact, he say, "This is a great time to be more innovative." Explain what he means.
Despite the absence of patent protection, Semi-Salt has averaged accounting profits of 5.5 percent on investments since it began producing polyglutamate-a rate comparable to the average rate of interest that large banks paid on deposits over this ..
Suppose that supply is upward sloping and demand is downward sloping. If there is a decrease in demand, total surplus:
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