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The general demand for good X is: Qd = 2500 – 8Px + 0.1M + 12Py. If M = $50,000 and Py = $250, what is the demand function?
what is the inverse demand function?
fully explain the coefficient for M.
fully explain the coefficient for Py.
Illustrate what is approximately the maximum amount the rm is willing to pay to be allowed to use e more units of input x, for e small
What market structure is used to benchmark allocative efficiency and why do we use it?Illustrate and explain using a diagram.Why and how do monopolistically competitive firms fail to achieve allocative efficiency? Illustrate and explain using a diagr..
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When the exchange rate falls, in the foreign exchange market the quantity demanded of the currency increases.
Some recently visited popular priced comparison sites. Why might these retailers offer different prices to those who have and have not recently visited price comparison sites? If different prices are offered, which group will be offered the lower pri..
What are the similarities between the Great Depression and the Recession of 2008 and differences between them, and to what extent did government intervention both initiate and resolve these economic difficulties? Lastly, what are the lessons to be le..
Suppose that the Fed conducts an open-market purchase of $1,500 in securities from the nonbank public. The Fed pays for these securities using currency, which the nonbank public holds in the form of cash. Show how this transaction affects the liabili..
Home and Foreign both produce cars and food using labor and capital. In each country, labor and capital are both freely mobile across industries. It takes 5 units of labor and 3 units of capital to produce 1 unit of food, and 4 units of labor and 4 u..
.S. policy to increase the miles per gallon (mpg) of new cars is to mandate an average mpg for cars sold by U.S. manufacturers. In many countries within the European Union, the policy is to tax gasoline so that the price per gallon at the pump is sta..
The bank is paying 10.13% compounded annually. The inflation is expected to be 11.77% per year. What is the market interest rate?
Forecast the demand for pizza in your community for the next four (4) months using the regression equation, including the assumptions that were used to create the demand. Justify the assumptions made related to the forecast
Explain your reasoning also explain Illustrate what she needs to do methodologically to make a stronger case.
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