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1. a. For the function F(x) = ax, what is the type of the fixed point at 0? (This type will depend upon a.) b. At which a-values does this family of functions undergo a bifurcation? 2. Determine the values of k for which the fixed points in the unit interval for the logistic family kx(1 - x) with k > 0 are attracting, repelling, or neutral.
Describe two economic examples of issues that affect our decision-making processes and that may change our quality of life.
suppose you live and work in cleveland earning a salary of 75000 per year and spending 10000 for housing. you heard
according to the federal reserves federal open market committee 2011 the federal reserve controls the three tools of
His lifetime earnings as an author would be $8,000,000. His expenses for this job would be $20,000 in materials and office equipment, along with $500,000 for a rural home in which to work and live. He would have to borrow the money for those expen..
use a picture to show the impact on the yield curve of the following shocks assuming that the expectations theory is
Determine what type of monetary policy has the Federal Reserve been using for the last year easy or expansionary, tight or contractionary, or neutral or non-involvement)?
Let us connect economic theory to actual events. 1. Find an article in a recent newspaper or magazine illustrating a change that will affect national output. 2. Analyze the situation using economic reasoning.
Comparing the different models of pure competition and oligopoly, what will be the effects or difference between the two in relation to: Price, Output, Profits, Advertising, and Efficiency of scarce resources?
Suppose an economy of two firms and two consumers. The two firms pollute. Firm 1 has a marginal savings function of MS1(e) = 5-e where e is the quantity of emissions from the firm.
ist one industry that is an example of aperfectly competitve industry and one that is an example of amonopoly. Explain and discuss why these industries are examples of perfect competition and a monopoly using the characterstics of these industries..
what is the law of diminishing marginal productivity? give an example from your workplace of the law of diminishing
Graph an increase in demand when supply is elastic and show the change in eq. P and Q. Graph a similar increase in demand when supply is inelastic and show the change in eq. P and Q. Compare the results. Graph a market with a tax where firms pay th..
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