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Discuss the concept of “jurisdiction” discussed in the text on pages 83-92, including its application in the Federal Court System and the various State Court Systems.
q.suppose there are 2 economies. in each economy there are 2 outputs bacon and eggs which are produced with perfectly
Consider a person with preferences over two goods, coffee and cigarettes. Both of these goods are addictive, in other words the more coffee you drink, the more willing you are to give up other goods in exchange for coffee and the more cigarettes you ..
Compute the equilibrium level of income. Illustrate what is the level of consumption at the equilibrium level of income.
Suppose economists observe that an increase in government spending of $10 billion raises the total demand for goods and services by $30 billion. If these economists ignore the possibility of crowding out, they would estimate the marginal propensity t..
Illustrate what is the maximum and minimum subscription price. If the subscription price is set at $48 per share how many shares must be sold and how many rights will it take to buy one share.
Explain how Ibn Khaldoun view traders, including types of traders, the importance of traders to the economy, the necessary skills for successful traders, and role of connections in a trader’s success.
q1. difference between deflation and disinflation? what is bad about deflation? can you distinguish between anticipated
The income elasticity of demand for your firm’s product is estimated to be 0.75. A recent report in The Wall Street Journal says that national income is expected to decline by 3 percent this year. What should you do with your stock of inventories?
Compute the short- run and long- run results, explain the changes in the price and in the number of firms.
If the machine could instead be leased for two years for some monthly payment (paid at the beginning of each month), what monthly cost would be equivalent to the original schedule of payments?
Elucidate how much should Joseph's income increase to compensate for the rise in the price of roses?
If the average level of consumer surplus for each hotel guest equals $24, illustrate what is the total consumer surplus per night.
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