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Assignment
Your essay should be between 2 -3 paragraphs long, your own thoughts should be well organized and you should address the following questions:
There is a critical difference between a change in demand and a change in quantity demanded.
Please distinguish between the two?
Give examples from your life of changes in demand versus a change in quantity demanded.
The Southern California Northridge earthquake in 1994 was registered 6.7 on the Richter scale. The 1995 Kobe earthquake in Japan was registered 7.2 on the Richter scale. How many times more severe was Kobe earthquake compared to Northridge?
Let px be the price of good X and py be the price of good Y. Assume the income of this individual is strictly larger than 10px Derive the demand for good X and the demand for good Y as functions of the two prices and income.
Discuss the key criteria for success and the advantages of a central bank adopting the framework of inflation targeting. Consider the features of a desirable monetary policy instrument. Is the size of the Federal Reserve staff good policy instrument?..
Build your cost model but calculate labor, equipment depreciation, material, and facility costs separately. Then provide a total cost summary.
In the first 5 rounds of the lab, you were randomly assigned into n=2 person groups. You incurred lobbying costs that affected the probability that you would win a prize of $64,000. Each unit of lobbying effort cost $1000. If both people cooperated a..
A critique of "The Political Economy of IMF Lending in Africa" by Randall Stone 2004
A firm owns and manages rental properties is considering buying a building that would cost $800,000 this year, but would yield an annual revenue stream of $80,000 per year for the foreseeable future. For what range of interest rates would this pu..
Write a model that explains final exam performance in terms of attendance and the other characteristics. Use s to subscript student and c to subscript class. Which variables do not change within a student?
Given the demand schedule p = 180 - 8q and the supply schedule p = 25 + 2q, what level of per-unit tax would maximize the government's tax yield?
Describe a real-world government policy that creates a market surplus. Be sure to carefully define the relevant market. Explain the efficiency implications of such a policy. Be specific.
Now suppose the two doctors play this game twice. Also, suppose each doctor can play one of two strategies: it can play either "always charge the low price" or "tit for tat"- that is, it starts off charging the high price in the first period
a social entrepreneur is a leader or visionary who is driven to achieve social change. social entrepreneurs provide
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