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In a general equilibrium analysis with two substitute goods, X and Y, explain what would happen to the price in market X if the supply of good Y increased (i.e., if the supply curve for good Y shifted to the right). How would your answer differ if X and Y were complements?
suppose a random experiment can be represented by 2 sets of events ai and bj with each pair of sub events a1 and a2 and
With this background in place, you will develop your own list of principles within a specific context that you define, announcing each in summary form and explaining and annotating each one using a combination of information, narration, and reflec..
An airplane whose rest length is 40.0 m is moving at uniform velocity with respect to Earth, at a speed of 630 m/s. By what fraction of its rest length is it shortened to an observer on Earth
Consider the following demand schedule. Does it apply to a perfectly competitive firm Compute marginal and average revenue. Price Quantity Price Quantity Suppose the marginal cost of producing the good in is a constant $10 per unit of output.
A loan of P0 which accrues an interest i per period is to be paid of with a uniform gradient annuity with initial payment A and gradient G over n periods. Thus, the change in the amount of principal is governed by Pn =Pn-1(1+i)-A0 -(n-1) G (1)
Government purchases and taxes are Php 600 and Php 400, respectively in millions. Investment equals Php 500 million. The autonomous part of consumption is Php 800 million. With marginal propensity to save at 0.20, what is equilibrium output
price information for a typical market basket of goods purchased by consumers and assume that 2000 is the base year:1.Calculate the price index for 2000. 2.Calculate the price index for 2001. 3.Calculate the price index for 2002. 4.Calculate the pric..
a. if televisions are sold in a perfectly competitive market, calculate the annual number sold. under what conditions will the market equilibrium be economically efficient b. suppose tv sets are banned. calculate the loss in consumer surplus as a r..
The market demand curve for the industry is D(P) = 240 P/2, where P is the market price. At the equilibrium market price, each firm produces 20 units. What is the equilibrium market price, and how many firms are in this industry?
According to these lists, how many distinct currencies exist around the world today? Are some currencies used in more than one country?
Compute the discount factor 1/(1+r)^t for r=1, 5, or 10 perent interest rates and t=30 and 50 years. remember that 1 percent is .01. based on your computation, is teh choice of discount factor important for deciding whether to do somehtinga bout..
Determine the quantity that would be produced at this price and the maximum profit possible.
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