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Identify a microeconomic theory of interest to you. Describe the properties and characteristics of the theory. Illustrate how the theory is used in actions and interactions of individual actors in the economy. Demonstrate the effect the theory has or may have on your actions as a consumer. Identify strategies in this theory that could help you in your professional career.
1. in problem 1 sir plus has a demand function for mead that is given by the equation dp 100 - p. if the price of mead
Dsecribe a complete business cycle (trough, peak, expansion, recession), focusing on what happens to output, investment, employment in each phase.
consider republic of netflexs balance of payments in 2009foreign investment into netflex nbsp nbsp nbsp nbsp nbsp
Write down the equation that describes the firms optimal choice of capital and labor. Show that a combination of inputs such that K=2L is optimal
sometimes market activities production buying and selling have unintended positive or negative effects outside the
Do you believe in the idea that governments should run surpluses in good years only to spend their way out of a recession in bad years Why do we often see government revenues and spending change when we are in a recession.
the demand for haddock has been estimated asnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbsp log q a b log p c i
licensure of physicians means that to some extent the supply of physicians can be viewed as a vertical line. explain
Suppose that rather than the declining demand assumed in Example 2.7, a decrease in the cost of copper production causes the supply curve to shift to the right by 40 percent. How will the price of copper change?
analyze the forms of aid to developing nations and determine which have the greatest and least amount of impact on a
health insurance and the labor market please respond to the followinganalyze the implications of adverse selection in
Which graph best illustrates the market for typewriters after technological advances in computerized word-processing software occur - different markets with changes in either the supply curve or the demand curve.
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