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1. Which of the following would not tend to lower the price of VCR? a. Decreasing price of DVD players. b. Increasing price of video cassettes. c. Improvements in VCR production technology. d. Reduced price of raw material used in making VCR'S e. Increasing price of pay per view movies on cable TV. 2. At a price of $9.50/pound, people buy 45 pounds of lamb. At a price of $10.50/pound, people buy 35 pounds of lamb. What is the arc elasticity of demand for lamb in this price range? a. 1.0 b. 2.5 c. 0.4 d. 3.0 e. none of the above 3.An unregulated negative production externality will cause a private market to A. Produce less than is socially optimal B. Produce more than is socially optimal C. Produce more than market equilibrium D. Produce less than market equilibrium E. Produce the amount that is socially optimal 4.On the foreign exchange market, an increase in a country's exchange rate A. Decrease the quantity demand of its currency B. Increase the quantity demand of its currency C. Has no effect on the quantity demand of its currency D. Decrease the quantity supplied of its currency E. has no effect of the quantity supplied of its currency
assume that you are going to open up a lemonade stand. you have savings in cash of 100 to begin your venture. you
desired consumption is cd 100 0.8y - 500r - 0.5g and desired investment is id 10 -500r. real money demand is mdp y
according to the federal reserves federal open market committee 2011 the federal reserve controls the three tools of
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In the long run, inflationary andrecessionary gaps are self-correcting because, eventually. nominalwages rise and fall in order to close an inflationary or arecessionary gap thegovernment applies the right combination of fiscal and monetarypolicies t..
Prove that if the value of G is v1 and the value of H is v2 , then the value of G + H is v1 + v2 . Give an example of G, H which only have a common row strategy, but for which G + H has a different value than v1 + v2.
Terrorist attacks foster instability and may affect productivity over the short and long term. Do you think the September 11, 2001, terrorist attacks on the World Trade Center and the Pentagon affected short- and/or long-term productivity in the U..
The current market price is $7.50. At her profit-maximizing level of production, the average variable cost is $8.00, and the average total cost is $8.25. Mrs. Smith should.
a low-carbon-steel machine part operating in a corrosive atmosphere lasts six years and costs 350 installed. if the
Consider total cost and total revenue given in the table below:
contrast two or three key economic factors for each country with the u.s. economy and comment. for example if per
Describe the following phenomenon from a perspective of methodological individualism and social science. Americans drink coffee; the British drink tea.
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