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Ride hailing services utilize a dynamic pricing model. Using supply and demand tools (you don’t have to actually show the graphs… but they may help you on scratch paper) illustrate how microeconomics explains the shifts in pricing and how it describes the real world scenarios of trying to get a ride at various times of the day. Be sure to consider the morning and evening commute, in addition to the weekend hours.
Expand his shop in that way allowing more customers to be served on a Saturday morning?
What is the firm's short-run demand function for input Z? How much input Z will the firm use when the price is $40? When the price is $80?
Assume that a 1- year discount bond (bond A) with a face value of $1,000 is currently trading at PV = $938.97, and another 2-year discount bond (bond B) with identical risk features and face value is currently trading at $834.01. Please calculate the..
Draw the wage-schooling locus for someone for whom returns to schooling decrease through college but increase after college
What are the phases of business cycle? What happens during prosperity? What happens during contraction phase? What is the difference between recession and depression?
Assuming a bank only keeps enough of its reserves to meet its reserve requirement, how much money is created when the Federal Reserve purchases $80,000 worth of bonds from a bank (this means they deposit $80,000 in that bank's reserve account) and th..
Elucidate why does a starbucks coffeehouse face a downward sloping demand curve, while a wheat farmer faces a horizontal demand curve.
View "Trade-Offs and Opportunity Costs," located on the YouTube website. Share an example of your own experience in which you had to decide on an opportunity cost that would affect you. What outcome did the decision have on your economic situation?
Suppose a country enacts a tax policy that discourages investment. As a result, the value of the parameter ¯s now goes to a smaller value ¯s ′. Assuming that the economy starts at its initial steady state, use the Solow model to explain what happens ..
What impact do Federal laws and regulations have on international business? Name at least 3 different types of laws that affect international businesses (Cite country/product examples where appropriate)
In the aftermath of 'The Great Recession', how would you describe the economic growth scenario for the U.S. economy? Explain your answer. Is economic growth impacted by prevailing employment/unemployment levels in the economy? Explain. Why is economi..
Explain the quantity equation: M.V=P.V. What does the assumption of constant velocity imply? If inflation rise from 6 to 8% what happens to real and nominal interest rate? Explain the roles of monetary and fiscal policy in causing and ending Hyperinf..
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