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In Where Angels Fear to Tread, we see several different types of relationships. Identify a relationship corresponding to each of Aristotle’s three types of friendship. What is it about each relationship that causes it to fit into that particular type? Do they change over time or stay the same?
Suppose the market for operating systems were perfectly competitive. What price would be charged? How many would be sold? Would the firms in this industry be profitable?
Suppose that taxes and transfers are fixed, so that a change in the government’s spending is equivalent to a change in its deficit. The multiplier is three. For each increase in the deficit of 100, interest rates rise by one percentage point. When th..
Assume that for the last worker hired MPL=4, MR=2, and W=4, and if one more worker is hired MPL=3, MR=2, and W=4. Given this information, the firm- should leave employment unchanged, should increase employment.
Demand & Supply Model: Local experts forecast that global warming will lead to less rainfall and water shortages in the future (Gazette-Times, Corvallis, OR, Feb 26, 2011, A3). Use the demand and supply model to determine whether or not a reduction i..
If your nominal income rose by 5.3 percent and the price level rose by 4.8 percent in some year, by what percentage would your real income (approximately) increase? If your nominal income rose by 2.8 percent and your real income rose by .9 percent in..
If a high per-bag fee were charged for garbage collection, how would consumers respond? What can cities do to reduce the amount of garbage that goes into landfills?
(Population growth and technology growth) Consider an economy that is described by the production function Y= K^1/2 (LE)^1/ 2. Moreover the depreciation rate of capital is (delta) o = 0.15, the population growth rate is n = 0.05 and the technology gr..
Identify a few ads for brands that have been endorsed by celebrities. What is the effect of the celebrity’s attractiveness, likeability and meaningfulness on the customer perception of the brand?
Include an example in which the government has used either economic or social regulatory activities. Illustrate do you agree with this regulatory activity.
?If, in a? (two-tail) hypothesis? test, the? p-value is 0.1219?, what is your statistical decision if you test the null hypothesis at the 0.08 level of? significance? Choose the correct answer? below?
Suppose that U.S. citizens start saving more. What does this imply about the supply of loanable funds and the equilibrium real interest rate. Explain what would happens to the real exchange rate.
The market demand function is Q=80-p. Describe the profit maximizing input use, the output price, and the monopolist's profit.
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