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a) In your Advanced Microeconomics course you must do a group project with three other students. All will receive the same grade. What potential problem, discussed in the chapter, may you encounter?
b) Public Broadcasting Stations (PBS both radio and television) regularly solicit contributions from listeners and viewers. Only about 11% of the viewers/listeners contribute. Why?
c) Your friend applied for and was offered a one bedroom apartment in the Red Hook Houses, a public housing project, in Brooklyn. Is this a public good?
Praxilla, who lived in ancient Greece, derives utility from reading poems and from eating cucumbers. Praxilla gets 30 units of marginal utility from her first poem 27 units of marginal utility from her second poem, 24 units of marginal utility from h..
The main tool that the federal reserve uses to conduct monetary policy is
Assume that a competitive market has an upward-sloping supply curve and a downwardsloping demand curve, both of which are linear. A tax of $0.10 per unit is currently imposed in the market. Suppose that with the tax the equilibrium quantity is 70,000..
What is a characteristic line? How is this line used to estimate a stock's beta coefficient? Write out and explain the formula that relates total risk, market risk, and diversifiable risk.
As a result of several factors, aggregate demand decreased during the Great Depression. One factor would be:
Illustrate what happens to wheat farmers and the market for wheat when university agronomists discovers a new wheta hybrid that is more productive than existing varieties? show graphically.
If the banking system has a required reserve ratio of 25%, then the money multiplier is. If Bank A receives a $20,000 deposit and the reserve requirement is 25%, how much does Bank A have available to loan out?
Demand: P=50-QD and Supply: P= 25+QS The government decides to impose a price floor of $40. Illustrate graphically the different economics effects of such intervention in this market. Calculate and compute the deadweight loss generated by the governm..
Why would a firm in a perfectly competitive market always choose to set its price equal to the current market price? If a firm set its price below the current market price, what effect would this have on the market? Discuss.
how do shifts in provide also demand influence price, quantity also marketplace equilibrium of toilet paper.
Graph a Monopoly. Compare the price, quantity, and ATC of a monopoly with a perfectly competitive firm. Who is more efficient and why?
q.you are given the market data that says when the price of cake is rs. 60 the quantity demanded of cake is 80 slices
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