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Is it possible for a country to have a current account deficit at the same time it has a surplus in its balance of payments? Explain your answer, using hypothetical figures for the current and non-reserve financial accounts. Be sure to discuss the possible implications for official international reserve flows.
The market supply and demand curves in a perfectly competitive market are, respectively: Qs= 400+25p and Qd= 700-50p The representative firm,in this market, has the following cost function: Q^3-7q^2=12Q+5
Using demand and supply analysis together with the cost curves, explain why the actions to minimise loss lead to firms' making normal profit in the long run?
Explain, being careful to state the time horizon to which your answer applies.
Passengers using New York's MetroCard system must swipe the card at a rate between 10 and 40 inches per second, or else the card must be re-swiped through the card reader. Research shows that actual swipe rates by subway riders.
Suppose that a consumer has an income of $24and a utility function given by: U = 2*log(x) + log(y). The priceof x is $2 and the price of y is $2. A) Write down the Lagrangean for this consumer's maximization problem.
Suppose that the two firms compete in output and set their output levels simultaneously. Given that firm 1's reaction curve is Q1 = 150 - 2Q2 and firm 2's reaction curve is Q2 = 150 - 2Q1, what are the two firms' output levels in equilibrium
When preparing an informative or expository essay, it is important to identify multiple perspectives. Investigating all sides of a topic enables you to interpret a larger picture and prepare logical content. In Unit 3, you selected a topic questio..
Two firms control the entire market for gasoline. They both have identical marginal costs of $1/gallon. The inverse demand for a gallon of gasoline is given by P(G)=10-1.5G. If the two firms decide to collude, and share the profits.
Determine consumer surplus, producer surplus with a uniform price. Label these areas on the graph.
Calculate the value of each of the following, before the tax and after the tax, to complete the table that follows: 1. The Equilibrium quantity produced Equilibrium Quantity (Millions of units) Before tax? After tax? 2. The equilibrium price consume..
Education is an example of a positive externality: acquiring more education benefits the individual student and having a more highly educated work force is good for the economy as a whole.
suppose the daily demand for coffee in seattle is qd 1000003-p2a. what is the elasticity of demand at a price of 2b.
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