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Adaptive expectations
Suppose you flipped an honest coin 10 times and heads came up 8 times. You are about to toss the coin another 10 times. Using adaptive expectations, how many heads do you expect? Based on rational expectations, how many heads do you expect?
A firm uses a single plant with costs C = 160 + 16Q + .1Q 2 and faces the price equation-Find the firms profit maximizing price and quantity. What is its profit?
Find out the income elasticity of demand. Elucidate whether gas is a normal or inferior product.
Tax rebate and a tax refund is a tool of fiscal policy. A deduction in tax rates is not the similar thing as a tax cut.
You work for an unemployment agency that distributes unemployment checks to unemployed workers in your state.
Describe the opportunity cost of good 1 in terms of good 2. Find out the opportunity cost of good 1 at the point where x1=1.
For an unknown reason, aliens kidnapped all immigrants residing in the US. One morning America wakes up and finds that the only people left in the country are American citizens, while all legal and illegal immigrants are gone.
make comparision between the situation after both of these changes have happened with the situation before any of these changes have happened.
Consider the following situations. Evaluate how they would affect the level of productivity of labour.
A paper detailing explain why the US dollar might be replaced as the nation's reserve currency by the Euro or the IMF's Special Drawing Rights.
Explain how an increase in interest rates initiated by the Federal Reserve affects:
A price-discriminating monopolist of the 3 rd degree sells output in 3 different markets. Some, but not all pairs on the 3 linear market demand curves are given below.
Use the data below to find out the growth of income per person (over the entire period, not an annual basis) between the two years listed.
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