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Q1. What are the highest and lowest payments from the writer that the bookkeeper farmer team will accept for the 6th day? Assume that the farmer can dispose of $7 from the writer as she wishes, what range of payments will the beekeeper admit? Considering that the beekeeper gets that amount, what range of payments will the farmer admit?
Q2. Okun's law relation is represented as: ut - ut-1 = -β(gyt - y). Which of the following would likely cause an increase in Okun's coefficient (i.e., an increase in β)?
What is the total market demand for poly-glue at the price established by Alchemy. How much of the total demand will the follower firms supply.
find an identical output for each firm that maximizes joint profits.
Use supply and demand model to explain the dramatic rise in the price of a college education.
Russian farmers, again, have a poor crop. Their government has announced that they will not ban exports. Discuss the impact on domestic and world prices, consumers and producers the effects of the Russian government's decision.
Make sure to make available examples of real world to strengthen your position of wherever this might be case
Due to the global economic slowdown, we were benefiting from relatively low oil prices.
Write down the profit maximization problem of the representative firm. What is the new short run equilibrium price and production.
Population growth in developing nations has proceeded at unprecedented rates ower the past few decades.
Wilpen plans to charge a wholesale price of $1.65 per can. As the average value of tennis racket is $110, and average household income of consumer is $24,600.
How macroeconomic equilibrium does an economy achieve. Elucidate what affect does a high level of inflation have on macroeconomic equilibrium.
Suppose the interest rate lowered to 3.75%. What would be the market price of the bond.
Using the calculations from part a, and the methods described in class, calculate a 99% confidence interval for the population mean forecast, where the population 3 would consist of all economists.
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