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a. What is the price and output this monopoly would produce at if unregulated.
b. What is the socially optimal price and output for this monopoly?
c. What is the fair return price and output for this monopoly?
Suppose that changes in technology cause individuals to demand lower money balances for every nominal interest rate. Suppose the Fed does not adjust the money supply in response. Investigating first the money market and then tracing the effects to th..
Name and describe at least two of the positive features of this era (1945-1973) that gave rise to the term ‘Golden Age’ (e.g., why was this era so special) and consider the role of the US government in facilitating these features
Suppose that a monopolist sells a product to consumers with an aggregate demand that is downward sloping in quantity, D(Q) = 200 − 2Q. The total cost of producing Q units is C(Q) = 20Q + 2Q2. What are the consumer and producer surpluses (CS and PS) a..
Property Rights Security in Russian Deprivatization. What impact will the prospect of deprivatization have on investment by managers of privatized firms? What effect will deprivatization have on foreign investment in Russia? Who gains from deprivatiz..
q.the empirical demand function of product x is estimated asx 120 - 260.0p 0.05m - 2.50prwhere x is the predicted
A person can choose to work any amount from 0 to 52 weeks per year at a wage of $1000 per week. Draw her annual budget constraint, representing total annual consumption versus annual weeks of leisure.
What is the difference between the study of microeconomics and the study of macroeconomics? Provide two examples of each form of economic analysis. Evaluate the following statement…”In order for a model to be useful, all assumptions used to create th..
Assume that marginal propensity to consume is constant at 1/2 and breakeven point is $8,000. If income is $10,000, n how much will be consumed and how much will be saved.
Under what conditions would WTO allow countries to impose (practice) the following (be specific)?
q1. were past societies in human history more ecological than our society today? what is the most ecological society
Is Deflation Good for Workers? Why or why not? Why do you think deflation can be bad for the economy? What is the impact of deflation on the economy and monetary policy?
The component of Planned AE (the quantity demanded of GDP) MOST sensitive to a change in interest rates is....
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