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Question: Assume the market is in long-run equilibrium. If costs increase due to a reduction in technology, graph the industry supply and demand curves; the individual firm's marginal cost, average total cost, and marginal demand curves; and the time curves for the market price and market quantity. Hint: there should be a total of 4 graphs and this should be exactly the opposite of what we discussed in class.
If you were the head of the Japanese Central Bank, how would you respond if your goal was to keep the interest rates at the original equilibrium level.
A group of 10 people have the following annual incomes: $55,000, $30,000, $15,000, $20,000, $35,000, $80,000, $40,000, $45,000, $30,000, $50,000. Calculate the share of total income received by each quintile of this income distribution. Do the top an..
The index of consumer expectations dropped much more sharply before the brief and mild 1980 recession than it did before the much more severe and prolonged.
Formulate this problem as a quadratic risk programming problem, where the objective function is to minimize the total variance-covariance matrix subject to a minimum expected return constraint, which should be parametrically varied.
suppose you are a regulator in charge of allocating water between residential and agricultural users farmers in
Mention the functions of the central bank
In the long-run, how would the solution of someone who favoured an active policy approach to an expansionary gap differ from that of someone who favoured a passive approach to policy?
Explain the median housing price in a community
Explain how banks are financial intermediaries and what are reserves? What are excess reserves? Explain how the Fed can affect the quantity of excess reserves in the banking system.
What effects would joining a MCO have on your clinic regarding staffing, patient volume, and financial stability and what policies and procedures should be used by the MCOs to reduce costs for clientele?
Investment expenditure, for Keynes, is driven by animal spirits. Explain. What implications does this have for the attainment of full employment equilibrium?
What is the equilibrium outcome in the Dixit model if q M > q V ? Why? Draw a set of reaction functions such that in the Dixit model, the incumbent would install excess capacity and deter entry.
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