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To get you started concentrate on two distinct chapters in the Schiller textbook. See chapter 4 for an analysis of the problems of individual markets. See chapter 10 for an analysis of problems in the aggregation of markets.
CONSUMPTION C =100+0.85Yd 1. explain the consumption function
Recent data reveals that the price of balsamic vinegar and the quantity of balsamic vinegar consumed have decreased. Which of the following would cause an unambiguous decrease in the quantity of balsamic vinegar
If a profit maximising perfectly competitive firm is making an economic loss, explain, with diagrams, the options available to the firm in the short run.
If he can make 3 balloon animals every 2 minutes, write an expression using the ceiling function or floor function that represents the amount of balloon animals that he creates in m minutes.
Elucidate why population growth has such a negative impact on economic growth in the Malthusian and Neoclassical growth models.
Suppose the total demand from all current consumers for a given good is estimated by econometricians to be p = 60 - 2q (this is called "inverse" demand function, since it's written as if prices are functions of quantity demanded).
Almond growers in CA are very concerned. Normally, honey producers would keep their bees next to almond orchards, where the bees would gather nectar and pollinate the almond trees. Lately however, bee keepers have moved to Arizona where it is chea..
Suppose that for Italy in 2008, exports 400 billion euros of goods and 300 billion euros in services, imports equaled 500 billion euros of goods and 350 billion euros of services, and the rest of the world purchased 250 billion euros of Italy's asset..
Suppose that the real exchange rate between the United States and Brazil is defined in terms of baskets of goods. Other things the same, which of the following will increase the real exchange rate (that is increase the number of baskets of Brazili..
q1 many factors determine the supply and demand for labor. identify and explain two factors that would increase or
Nicholas had $9 to spend on popcorn and soda at the movies last month. Popcorn costs $3 a bucket and soda $1 a glass. He bought 2 buckets of popcorn and 3 glasses of soda. Draw his budget constraint and show his opportunity set and equilibrium qua..
A civil engineer involved in construction management must decide between two ways to pump concrete up to the top floors of seven story office building under construction. Plan 1 requires the purchase of equipment for $6000 which costs between $0...
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