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Carefully explain the resulting movements in an economy if the current situation in the economy (interest rate, level of output) can be characterized as on IS curve but not on the LM curve. On the LM curve but not on the IS curve. Off of both the IS and LM curves.
As additional units are produced, the marginal revenue product falls for all firms because marginal product decreases. For firms operating in industries that are not perfectly competitive, marginal revenue product also falls because
A friend tells you that you should never be a patient in a teaching hospital because the death rate among patients in teaching hospitals is higher than in other hospitals. Interpret the meaning of the regression coefficient on the explanatory variabl..
Avoid having developed economies regress to a Smoot-Hawley type of isolationism or protectionism to avoid job losses in import-competing sectors.
How much does each firm produce if they move simultaneously? What is the equilibrium price?
Consider the simultaneous-move game with two players that has no Nash equilibrium in pure strategies, illustrated in Figure 4.14 in Chapter 4. If the game were transformed into a sequential-move game, would you expect that game to exhibit a rst-mover..
On December 31, 2012, the Bennett Company had 115,000 shares of common stock issued and outstanding. On July 1, 2013, the company sold 21,000 additional shares for cash. Bennett's net income for the year ended December 31, 2013, was $600,000. During ..
Philip's quasilinear utility function is U=4q1^0.5 + q2. His budget for these goods is y=10. Originally the prices are p1=p2=1. However, the price of the first good rises to p1=2. discuss the substitution, income, and total effect on demand for q1.
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Consumers in some countries, like Japan, are reluctant to accept “foreign” retailing institutions and imported products. Explain this behavior by using the models of culture.
Illustrate what are the three contingent environmental resource evaluation methods also Illustrate what is their significance.
What is the effective interest rate of an investment if the nominal annual interest rate is 4.67% and it is compounded semi-annually? Express your answer as a percent to two decimal places.
A bank has $500 million in checkable deposits, $600 million in savings deposits, $400 million in small time deposits, $950 million in loans to businesses, $500 million in government securities, $20 million in currency, and $30 million in its reserve ..
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