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which of the following three expressions uses the economists definition of money?
a. how much money did you earn last week?
b. when i go to the store, i always make sure that i have enough money.
c. the love of money is the root of all evil
What price and quantity will the monopolist produce at if marginal cost is a constant$4 ? Compute the dead weight loss from having the monopolist produce, rather than the perfect competitor
China's entry into World Trade Organization is likely to create more competition in local and foreign firms, as well as provide China greater access to the market of exports.
Characterize each of the following statements as true or false, and explain your answer.
Calculate the long-run equilibrium values of r and P, assuming that the potentiallevel of output (Y*) is equal to 3500 monetary units.
If the reasons for the EU's high structural unemployment are so obvious, why not governments relaxing strict labor laws and reducing social charges levied on employers.
If you are the chief economist of a country experiencing high unemployment and flat GDP, what macroeconomic policies might you enact in response to these economic conditions? How would you expect these policy changes to impact the economy?
What is a federal government budget deficit? What is the national debt? How does a budget deficit affect the economy?
Explain how would you respond to this question. Explain how might the bank tie in the concept of utility maximization into the campaign.
All firms in a Cournot monopolistically competitive industry have the same cost function C(q) = 25 +10q. Calculate the equilibrium price, firm output, total output and number of firms in the industry.
The variable rdintens is expenditures on research and development (R&D) as a percentage of sales. Sales are measured in millions of dollars. The variable profmarg is profits as a percentage of sales. Using the data in RDCHEM.RAW for 32 firms in the..
What is its sustainable growth rate. Illustrate what must its profit margin be in order to achieve its sustainable growth rate.
Classify the following utility functions as risk averse, risk neutral or risk seeking and draw the relevant diagrams
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