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Discuss the impacts of marginal utility. Imagine that you are a seller of sunglasses: How can you increase the consumer demand curve by helping increase the marginal utility for consumers? Detail specific steps to take and provide examples.
Modelling the Relationships between Electricity Consumption, Financial Development, and Economic Growth in Nigeria from 1980 - 2015
Assume the market for fruit from a local fruit stand has the supply and demand curves given below. Find equilibrium price and quantity in the market. Calculate consumer surplus at equilibrium. Calculate producer surplus at equilibrium.
In the table below are cost and demand data for a monopolist.
Consider the market for minivans is at equilibrium. Determine, using the supply and demand model, how the following events might affect the equilibrium price and quantity for minivans. Explain why fully. Consider each separately.
If it wants to accomplish this change in the money supply using open-market operations, what should it do.
Country Y is an industrialized economy. The budget deficit of the government has been rising sharply in the last few years. In order to fund this expenditure, the government has resorted to financing its deficit by issuing bonds. Jason McAlister, a l..
Currently, the economy's aggregate output demanded is $100 billion. The government thinks that is is too small, so it wants to increase it by implementing expansionary fiscal policies. It decides to reduce taxes by $10 billion with this goal in mind...
The recent drop in the price of gasoline and oil has had several effects on the US economy. What pricing model we have considered best represents the market for oil? Defend your answer. Use your model to explain how a moratorium on fracking in the US..
Name one drawback to using a risk management approach to solve the "Risk/Benefit Problem" of technology that we discussed in class.
Expalin why is the depreciation of capital good a cost of society
You can suppose any single peaked preference which you want and Characterize the equilibria of the model.
Explain the tools used to pursue expansionary and contractionary fiscal policy. During which phases of the business cycle would each be appropriate? b) Explain what is meant by a built-in stabilizer and give two examples.
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