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Consumption and saving a) suppose the economy can be modeled using the following equation. C=100+.9Yd AE=C Graph this economy and solve for equilibrium income. B) Graph the saving function for this economy. What do you notice about the level of saving at equilibrium? C) What is the multiplier in this economy?
Economist tell stories as the vending machine story:
At Forest Point Construction, your boss says that he can estimate the total project time based on his personal experience. You are trying to convince him that he should use project management techniques to handle a complex project. What is the correc..
Consider competitive markets, monopolies, and oligopolies. What role does each of these play in an economy?
The Second Industrial Revolution (ca. 1865 – 1920) brought with it tremendous economic growth and intense social change. Explain what those new conditions were like and how they emerged in this period of intense industrialization, citing examples fro..
Your company is interested in analyzing the behavior of interest rates and the models used to predict interest rates in the future. As an initial project in this area, you have been assigned the task of creating a presentation that will show the top ..
Explain the concept of devaluation, and explain the effect devaluation has on the price of a country's imports. What some effects on the industry? Buying and selling countries? Give an example that supports your claims.
Why might it be hypothesized that a typical developed country is likely to have a greater relative amount of intra-industry trade than is a typical developing country? Explain.
A market for baby bottles has the following supply and demand functions qS = 6 + 3p qD = 14 2p. What are the equilibrium price and quantity in this market? Calculate the Consumer Surplus, Producer Surplus, and Total Welfare levels. 2
Illustrate what cost should each industry charge if it wants to maximize its profit. Why are costs and output of industries 1 and 2 same however different for industry 3.
You are an Economist advising the Federal Government about the Australian Labour Market and issues relating to unemployment - what types of unemployment are the most serious?
Two individuals, Andy and Beth, work on a joint project. If Andy chooses effort level x ≥ 0 and Beth chooses effort level y ≥ 0, then the total output equals 10x+10y+2xy. Maximize each player’s payoff function to find his or her best response functio..
This is a business law question there is now select subject for business law so I chose economic Miller, R. (2013). Fundamentals of Business Law: Summarized Cases. 9th ed. South-Western, Cengage Learning. ISBN: 978-1111530624. What human dynamics are..
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