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Colombia is the world's biggest producer of roses. The global demand for roses increases and at the same time Columbia's central bank increases the interest rate. In the foreign exchange market for Colombian pesos, what happens to The demand for pesos? The supply of pesos? The quantity of pesos demanded? The quantity of pesos supplied? The peso-U.S. dollar exchange rate?
Suppose an economy only produces single consumption well. Consider permanent upward shift of production function. Graphically describe the effects on each of following:
what is the consumption function, what is the equation of the AE curve and calculate equilibrium expenditure
An economist for a bicycle company predicts that, other things equal, a rise in consumer incomes will increase the demand for bicycles.
The table gives me Total product, average fixed cost, average variable cost, average total cost, marginal cost, and price. How do i decide if a firm can produce in the short run?
In professional sports, the decisions about TV contracts, salary cap, free agency, entry in to a new market are made by their respective entities like MBA, NHL, NFL, MLB and MLS. These entities operate rather closely like a cartel.
There is a fish day care center called Fish-O-Rama. They need pseudocode for a program that will calculate the daily fish care fee based on a fish's size.
1. Draw this game in extensive form. Be sure to fully label the game tree. 2. What is the subgame perfect equilibrium outcome? 3. Would you advise Enterprise to build the widget factory?
Illustrtae what is the profit-maximizing level of price and quantity for this monopolist.
Calculate the total contribution margin generated by the normal volume of medium pizzas in a week.
Government play in affecting the supply also demand of a key commodity such as gasoline or electricity?
A certain country has a very centralized collective bargaining, under which wage bargains are applied nationally. This country is thinking about adopting a bargaining structure that is more decentralized so that wage bargains will be made.
Illustrate why do economists pay more attention to national economies than state or regional economies.
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