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1. What are the implications of the informal economy for firms that operate only in the formal economy?
2. Identify and assesses the context of the problem presented in the Heinz and Beechnut merger case.
3. How do changes in the value of the U.S. dollar affect foreign enrollment at U.S. colleges?
Suppose the Marshallian own price elasticity of demand for soda pop is -1.3 and the Hicksian own price elasticity of demand for soda pop is -0.9. Use indifference curves and budget constraint analysis to illustrate the income and substitution effects..
Ryan has $200 per week to spend on gas and food. The price of gas is $4/gallon and the price of food is $2 unit. What is the opportunity cost of an additional unit of food in terms of gallons of gas? What is the opportunity cost of a gallon of gas in..
“If a central bank decides to accommodate an adverse supply shock, it will intensify the inflationary effects.” Comment on this statement with the help of an AD-AS diagram.
Using the standard Solow growth model (i.e., without technological change as graphed below), draw and describe the effects that war involving high casualties has on capital per worker. Assume this war occurs on foreign soil and thus does not damage t..
Scenario: You have been asked to assist your organization's marketing department to better understand how consumers make economic decisions.
Suppose the demand and supply curve for wheat in the U.S. are approximately as follows. How much wheat did the government need to buy to support the price of $3.50 per bushel? What was the effect of government purchase on the demand curve? What was c..
The firm is able to discriminate between the two markets. What quantities are sold in the two markets? What price is charged in each market?
Monthly payments will be made until all the principal and interest have been repaid. What is your monthly? payment? If you must pay two points up? front, meaning that you get only ?$9,800 from the? bank, what is your true APR on the? loan?
Despite ongoing debates about the appropriateness of macroeconomic policies, many macroeconomists have reached a modern consensus on several important issues.
The NFL wants to give the "common fan" the opportunity to attend the Super Bowl, Illustrate what is the equilibrium price also quantity.
How will planned investment spending change as the following events occur? The interest rate increases as a result of Federal Reserve policy.
The time it takes to process phone orders in a small florist/gift shop is normally distributed with a mean of 6 minutes and a standard deviation of 1.24 minutes. What cut off value would separate the 2.5% of orders that take the most time to process?..
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