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Think about the last time you took a series of tests in a short period of time(high school or college). How did you decide how much time to spend studying for each subject? How might the study of economics help you make that allocation decision in the future? ( employ marginal analysis)
compare 2 policies to curb pollutionqs10p amp qd100-10ppollution costs 2.50galloncalculate price quantity and social
Between the years of 1973 and 2003, Canadian real GDP trended downwards. Deflationary (contractionary) monetary policy contributed, at least in part, to the recession of the early 1990s. There is not much of a relationship between the growth rate of ..
EXplain how does a decrease in foreign price levels affect domestic aggregate expenditures and demand.
Calculating marginal revenue from a linear demand curve The blue curve on the following graph represents the demand curve facing a firm that can set its own prices. Use the graph input tool to help you answer the following questions. You will not be ..
In each of the situations described, state which component of aggregate demand (C, I, G, or NX) of the United States is affected and whether aggregate demand will increase or decrease as a result. The recent hike in the federal-funds rate target incr..
Billie Joe loves Krispy Kreme donuts and coffee. Billie Joe likes to eat 3 donuts (D) for each cup of coffee (C) he drinks. His utility function is: U = min(0.333D, C). The price of each donut is $0.60 and the price of coffee is $2.20. Given Billie J..
Problem: Consider a monopolist who has a constant marginal cost of MC = 20. Find the profit-maximizing quantity and price if the inverse demand curve is P = 620 - 25Q.
Defend your use of either monetary policy or fiscal policy to do this.
What would you expect to happen to the domestic money supply as R and y both increase along a stable BB curve? Explain in intuitive terms what forces would tend to bring about such a change in the money supply.
What is the difference between a "change in supply" and a "change in quantity supplied?" For each of the following changes, determine whether there will be a change in quantity supplied or a change in supply.
In a current newspaper article you also read that The Camera Shop has exhausted its undertaking capital and that no new investors
You are the manager of a firm that produces output in 2 plants. The demand function is P = 120 - 6Q where Q = Q1+Q2. MC associated with producing in 2 plants are MC1=2Q1 and MC2=4Q2. How much output should be produced in plant 1 in order to max profi..
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