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Explain how a Central Bank (e.g. the US Federal Reserve Bank, or "Fed") functions in order to: a) control the monetary base ("Hint": the amount of high-powered money); and b) through this control, how it affects the "Fed Funds" rate of interest and hence, interest rates throughout the country?
David black, representing the management of the automobile manufacturers disagreed with McDonald's assessment. Black cited studies that indicated price elasticity's ranging from 0.5 to 1.5.
whenever the same efforts must be made to uncork also pour both bottles.
Explain how a bandwagon effect might speed up the rate at which DVD players are adopted by consumers. Do likewise for the case of cable television subscriptions.
What is the difference between a change in the quantity supplied and a shift in the supply curve.
By what percentage would GDP be boosted if the value of the services of stay-at-home spouses were included in GDP
If a hard freeze eliminates premium coffee crop, illustrate what will take place to the price of premium coffee.
what is the marginal utility of X? If a consumer moves downward along an indifference curve, what happens to the marginal utilities of X and Y? What happens to the MRS?
What market structure would this industry fall under? What are the names of other firms in this industry? Is it monopolistic competition, oligopoly, monopoly, or perfect competition?
Using the data provided above, determine if the Hernandez Corp. is using a cost minimizing combination of inputs. Explain your answer/show your work. If your answer is no, how should the input combination be adjusted?
illustrate what is the income-expenditure multiplier in this economy. Using at least two different quality tools, analyze the data and present your conclusions.
Should the firm increase capital and decrease labor or the other way around? When should the firm stop replacing one input for the other? Explain.
Illustrate by how much (what percentage) does the consumer facing a 15% marginal tax rate alter his or her level of charitable giving as the result of the deductibility of charitable contributions?
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