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Suppose that there is a cultural shift in America emphasizing the importance of saving money as opposed to current consumption.
a.) Illustrate the impact on the interest rate in the market for loanable funds. What direction does the interest rate go?
b.) How would you explain this shift in attitude using proper economic terminology? Interest rate: __
Findout the number of hours of skilled labor also the number of hours of unskilled labor which minimized the price of doing the project.
Elucidate how will looming fears of a recession expected to decrease consumers incomes by 4 percent over the next year impact the quantity of coffee Starbucks expects to sell.
What happens to his consumption of Y? Calculate the coefficient of price elasticity and of cross price elasticity. Also draw the demand curves for X and Y, noting the equilibrium points for this consumer before and after the price change in X.
If Joe's income is $5,040 a month, and the price of goods X1 and X2 are $45 and $5 respectively, derive the following: A) The quantity of X1 and X2 that maximize Joe's utility B) The maximum level of utility Joe receives.
Now suppose that for the same three voters and candidates above, that it is discovered that candidate z once put ketchup on his eggs. Voter 1, is appalled and changes his ranking to x first, y second, z third. Voter 2, has always secretly ketchupe..
What price and quantity will the monopolist produce at if marginal cost is a constant$4 ? Compute the dead weight loss from having the monopolist produce, rather than the perfect competitor
The economy will contract or shrink if leakages exceed injections. Are you agree with this statement.
Suppose you are manager of customer service department at a bank and you want to hire customer service representatives for a newly opened bank branch.
Tired of spending so much on clothing, Macklemore begins to shop at a thrift shop, where he "pops some tags" and is able to find clothing for as little as $2 a piece. On the graph in part (d), draw Macklemore's new budget line. Is clothing a norm..
Calculate the appreciation or depreciation of the US dollar relative to the Japanese yen.
Explain how could government make a choice among two health effects.
Suppose that you will receive $2000 a year in years 1 thru 5, $3000 a year in years 6 thru 8, and $4000 in year 9 with all cash flows to be received at the end of a year.
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