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1. Find the equilibrium points of the differential equation y' = y - A, and determine their type.
2. Are there any bifurcations in the previous differential equation?
3. Find the equilibrium points of the differential equation y' = A, and determine their type.
Explain how natural monopolies cause market failure? How is the deadweight loss associated with this form of market failure measured?
suppose the hotel in the lecture example raised its price from 30 to 30.50. with the new price the hotel expects 96
draw an ad-as diagram representing the u.s. economy in a recession. also draw a diagram of the u.s. labor market in the
What are the total explicit, total implicit, and total economic costs in 2011 - what is accounting profit in 2011? What is economic profit in 2011?
The currency in Great Britain is pound and the price of a particular British car is 12,000. suppose the exchange rate is 0.67 per dollar.
Provides a background commentary on the cost structure and the level of competition experienced by your firm/industry. You must include demand and supply factors, fixed and variable factors/costs, price elasticity and the aims of the firm/industry..
What is meant when economic just say that the Federal Reserve Banks are central bank, quasi-public banks, and bankers Bank's? What are the seven basic functions of the Federal Reserve System?
What factors (determinants) will cause a change in demand and what factors (determinants) can cause a change in supply? Can you give any current examples of a determinant of demand that you see changing in any industry or marketplace or a determinant..
The owner-manager of Good Guys Enterprises obtains ulility from income (profit) and from having the firm behave in a socially conscious manner, such as making charitable contributions or civic expenditures.
Consider a city with a river. The city has a resort whose visitors use the river for recreational purposes. The city also has a tannery that creates industrial waste which it dumps into the river.
the government pays attention to elasticity of demand when it selects goods and services on which to levy excise taxes
suppose the economy were very strong and unemployment very low. wages after inflation rise for most americans by about
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