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What specific economic and political "factors" may be affecting current global gold prices? Be specific in terms of key demand "determinants" and their influence on prices (in reference to demand shifts).
Suppose a tax of $.10 per unit on a good creates a deadweight loss of $100. If the tax is increased to $0.30 per unit, the deadweight loss from the new tax would be:
How is law of diminishing returns reflected in shape of total product curve. Illustrate what is relationship between diminishing returns and stages of production.
Looking at the last word of the chapter "squaring the economic circle", what is the central economic idea illustrated in this piece? how does he explain the idea? how does the main idea related to economic recessions, and how does this idea relate to..
q1. bobs lawn-mowing service is a competitive firm. at the current level of production the firm mows 10 lawns a day.
What's the point of creating new bills with more security measures to prevent counterfeiting? (For example in the USA the new $100 bills have more security features). If the old bills are still acceptable as currency, why would anyone even try to cou..
Assume that you were ready to buy a custom tailored dress (or men’s suit) and you are prepared to pay up to $200 for it. Also assume that the tailor is prepared to sell that item of clothing for as little as $100. Discuss any recent purchases you hav..
Assume that the Keynesian short-run aggregate supply curve is applicable. Elucidate the two factors that can cause the nation's real GDP to increase in the long run.
A project has cash flows of -$12,000 in Year 1, +$5000 in Years 2 and 3, -$2000 in Year 4, and +$6000 in Years 5 and 6. Use an interest rate of 12%. Find the interest rate that gives a net present value of zero.
Illustrate what is the shape of an indifference curve if there are economic bads on both axies.
Elucidate what is the firm's cost function. What are its AC, AVC, and MC functions? Draw the AC, AVC, and MC curves.
Explain how you are going to make this decision. If you hire a real estate agent, will the agent be willing to work in your interest of finding the best customer possible? Design two ways in which you can motivate the real estate agent to act in your..
Illustrate what do you conclude about the ability of these indexes to measure changes in real income.
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