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Consumer Protection Laws
If your bank pays 5.5 percent interest on savings deposits, what is the simple interest paid in the third year on an initial $100 deposit.
Identify a particular industry that meets the criteria for Pure Competition or Monopoly. Explain clearly why you think the industry is in Pure Competition or is a Monopoly and evaluate it from perspectives of efficiency and equity.
It might be hard to imagine demand for money decreasing --- the idea of anyone wanting less money doesn't sound rational --- but it is absolutely true that the demand curve for money is downward sloping. That means the quantity of money demanded goes..
Graph a market with a tax where firms pay the majority of the tax. 3. Graph the long run equilibrium for perfect competition. Using a similar average cost curve, graph the long run equilibrium for monopolistic competition. Compare the results. Gra..
Explain what would happen in the market for chicken if the price of beef suddenly increased and remained high. Use supply and demand analysis in your answer and consider the elasticity of demand and the cross-price elasticity of demand.
Suppose that Carl's budget is $20 and that apples cost $5 per unit and bananas cost $2 per unit. Draw our model of the optimal bundle with Apples on the horizontal axis. (You must show his indifference curves and his budget set.)
ted has preferences given by the utility function ukl k 2l where k pounds of kale per month and l pounds of lettuce
assume that the central bank follows the following simplified version of the taylor rulea what implicit weight is
Explain how the invisible hand fights back when government try to overrule market forces with price controls.
a consumer purchases two goods x and y which are perfect complements. in other words the goods are only beneficial when
For the past four years, Armonco Manufacturing has been offering a three-year limited warranty on all appliances it manufactures. Although all appliances are given a unique serial number when manufactured, until this year Armonco had no capability..
a- Draw a figure showing the demand curve and the supply for boxes of chocolates. What is the market equilibrium price and the market equilibrium quantity?b.If the price of chocolates is $17.00 a box, will there be a surplus or a shortage? Of how man..
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