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Write an essay on the transformation of credit in the US economy. How did this happen (key events and new financial products?)? How has macroeconomics accounted for this transformation?
If the value of the marginal product of labor exceeds the wage rate, then a competitive, profit-maximizing firm would want to hire less labor. A competitive, cost-minimizing firm has the production function f (x,y)= x+ 2y and uses positive amounts of..
If you were the angel investor, what is your certainty equivalent for these two projects? Are you risk averse, risk-neutral, or risk-lover.
Using the four scenarios, discuss each and choose periods when each scenario has occurred in the u s or other countries a higher interest rates, more capital invested b lower interest rates, less capital invested c lower interest rates, more capital ..
Suppose that the long-run aggregate supply curve is positioned at a real GDP level of $18 trillion in baseyear dollars, and the long-run equilibrium price level (in index number form) is 115. What is the fullemployment level of nominal GDP?
An incumbent monopoly with constant marginal cost k operates in a market with demand schedule p = a-Q, where p is the price, Q is the quantity demanded and a > k is a positive parameter. Determine the critical value of the fixed cost F-bar where the ..
Assume you are a producer and seller of wine. Elucidate whether the following events would affect the demand or supply of wine and the price you will receive.
discuss the change in the U.S. unemployment rate and inflation rate over the past year based on the Phillips curve concepts.
Suppose that soda producers can choose between using cane sugar or corn syrup as sweeteners. If the price of corn syrup rises, what impact would you expect this to have on the demand for cane sugar? Briefly explain. If the price of cane sugar rises, ..
The price of hamburger meat in College Town has recently fallen. Explain in detail the effects of this price change on the demand, supply, equilibrium price, and equilibrium quantity exchanged for fast food hamburgers in College Town and why. Draw a ..
q. you are still a manager of a small wigest producing firm. now there are 14 such firms including yoursin industry.
What is the difference between poverty and income inequality? Why do economists believe that some degree of income inequality is inevitable in a capitalist economy?
If, in the short run, a perfectly competitive firm is producing at a point where total cost is greater than total revenue, then the firm should.
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