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Choose a perfectly competitive supplier or industry. Briefly explain the operations of this firm or the firms within the industry.
Do you think consumers would be better off in this market if there was less competition? In other words, would consumers benefit from fewer suppliers in the market? Why or why not?
Compute the amount of each good in the consumer's optimal basket. Explain your steps. Assume that the government adds a tax of $1 to the price of luxuries. How does it affect the optimal consumption of the individual?
If the demand for money depends positively on real income and depends inversely on nominal interest rate, determine what would happen to the price level today if the central bank declares.
Which economic system is best suited for handling a crisis of epic proportions (hurricane, flood, blizzard, forest fire, etc.)? Why? Describe and explain why a socialist system might be
Some states are required to balance their budgets. Is this measure stabilizing or destabilizing? Suppose all states were committed to a balanced budget philosophy and the economy moved into a recession. What effects would this philosophy have on t..
Research and describe an example of a system design that would effectively utilize entity-relationship diagrams (ERDs).
1.What factors led to the mortgage default crisis 2.How did mortgage defaults affect banks involved in mortgage lending and mortgage investing? 3.Securitization TARP What do these mean 4.How did mortgage-backed securities spread losses during the ..
suppose and economy described by the solow model has the following production functiony k12le12a. for this economy
Elucidate why the Aggregate Supply curve becomes increasingly steeply sloped at levels of RGDP.
Grocery stores and gasoline stations in a large city would appear to be examples of competitive markets there are numerous relatively small sellers, each seller is a price-taker, and the products are quite similar.
Illustrate what effect if any will this have on competition with Canadian and US firms. Elucidate extent is your answer industry dependent.
Suppose a firm’s input of capital is fixed at K = 5 . The cost of capital is r = 2. Derive the formulas for and plot the AFC, MC, AVC, and SAC curves if the short run total cost function is:
Explain how can you go about finding L, normally it is either the budget constraint and utility functions slopes are equivalent,
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