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1. Using indifference curve analysis, explain and show graphically the effects of higher gasoline prices on:
a. The quantity of gasoline purchased.
b. The quantity of other goods and services purchased. Will the direction of change in these purchases always be in the same direction? Why or why not?
c. The total utility of optimal choice purchases before and after the increase in gasoline prices.
What was the cross-exchange rate between the Real and the Peso in 2001? Real____/Peso. What was cross-exchage rate between Real and Peso in 2002? Real_____/Peso.
Suppose two identical firms produce widgets and they are the only firms in the market. Find the Cournot-Nash equilibrium.
Explain how the Central Bank can set the nominal interest rate in the money market. In addition, explain how it can use expansionary monetary policy to boost GDP if the economy is in a recession.
American Mining Company is interested in obtaining quick estimates of the supply and demand curves for coal.
Reflecting back on what you learned about sustainable management practices throughout this quarter; determine 5 activities that illustrate sustainable management of resources that you pursue in your everyday life.
Explain why user cost, or scarcity rent, arises in the intertemporal allocation of a depletable resource such as minerals, and some types of energy and aquifer water resources.
Overview of the project's objectives and scope
The ten firms have banded together to form a cartel, and the cartel sets the monopoly price. The cartel agreement limits each firm to an output of one-tenth of the total amount demanded at the cartel price.
Briefly accounting describe two limitations of national income. On the basis of these data calculate GDP, GNP, NDP, NI, PI, and disposable personal income.
Draw a diagram describing autarky and a pattern of comparative advantage for your example.
Suppose Bank of Canada (BOC) purchases $100 million worth of government bonds from a chartered bank. Assume BOC imposes 5% legal reserve requirement ratio to the banking system.
For this assignment you will write a 500- to 700-word memo evaluating two conflicting consultant reports. Your report should.
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