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Economic theory offers ______ about the full range of possible events and responses, which can prevent _______ about how households will respond to changes in prices or incomes.
a) systematic consumption choices; unrealistic conclusions
b) two budget constraint theories; misguided possibilities
c) one budge constraint theory; unrealistic possibilities
d) a systematic way of thinking; misguided conclusions
A binding price ceiling...
Top four firms in Industry B have market shares of top four firms in Industry B have market shares of 15,12,8 and 4 percent, respectively. Calculate four-firm c0ncentration ratios for two industries. Which industry is more concentrated.
Now suppose one big firm comes and buys out all of the firms in the cartel. This monopoly somehow miraculously is able to perfectly price discriminate. How much will this firm produce? What will be the deadweight loss created by this monopoly?
Explain how would a citizen whose income is in the bottom one percent talk about scarcity and trade-offs.
What is an individual depositor'spayoff when he withdraws at t = 2 as a function of the number of remaining depositors who withdrew at t = 1?
Explain how many units of labor and how many machines would the firm use to produce 40 units in the cheapest possible way.
what would volume of output would the two alternative yield the same profit 3-if expected annual demand is 12000 units which alternative would tield the higher profit.
show the impact of the expeted future in gasoline prices on the current demand for gasoline by shifting the demand curve on a graph.
Idea that a country can simultaneously pursue only two of the three following policies: free international-capital flows, monetary policy for domestic stabilization, and a fixed exchange rate.
Using the calculations from part a, and the methods described in class, calculate a 99% confidence interval for the population mean forecast, where the population 3 would consist of all economists.
q.complete the international trade simulation.list at least one benefit also one limitation of international trade you
q1. describe what we mean by greening and thinking green. list several ways that people and businesses in the green
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