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All economics textbooks give examples that show diminishing marginal utility as consumption rises. In addition, these books show that negative marginal utility will occur at some high level of consumption. However, it could be argued that a rational buyer should never experience negative marginal utility. Why?
Recently, a troubled bank borrowed $800 million from the Federal Reserve. Describe the impact this event had on the monetary base.
Explain why competitive markets normally lead profit maximizing firms to make choices about resource use that lead to an "efficient" allocation of resources to the market?
Suppose planned investment falls by 100. Graphically illustrate using the AE-Y graph the effects of this reduction in planned investment on the economy. Also calculate the new equilibrium level of income.
Draw a current budget constraint for an assumed single mother (net of child care costs) who loves leisure. Draw the new constraint. Discuss the likely effects on labor force participation and hours of work.
What were some of causes of stagflation of 1973 and 1979? In what ways were these episodes of stagflation different from great depression of the 1930s?
Consider the following situations. Evaluate how they would affect the level of productivity of labour.
The Wozniak Corporation, a maker of aircraft engines, determines that in 2008 the demand curve for its product is as follows-What is the price elasticity of demand if price equals $500?
Mention and explain the two types of inflation. Which sort of inflation would most likely be associated with the negative GDP?
What was the cross-exchange rate between the Real and the Peso in 2001? Real____/Peso. What was cross-exchage rate between Real and Peso in 2002? Real_____/Peso.
Suppose that Demand and Supply curves for coffee bean is given by-What value of t maximizes Government's tax revenue?
Human service interactions in terms of macro systems-communities and organizations. Empowerment is basically a process to assist people groups, families and communities, individuals, to use their strengths to overcome their challenges.
What are those key objectives and what are the key tools the Fed plans to use to achieve those objectives?
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