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Explain why banks, which would seem to have a comparative advantage in gathering information, have not eliminated the need for the money markets.
Utilizing productive efficiency as guide, which nation should produce Chevrolets and which should produce Toyotas.
In 2013, the furniture store PB produced 10 mahogany desks. One of them is sold to Jeanine for $3,259, later that same year Jeanine sold the desk to Pamela for $1,802. The remaining desks were not sold to anyone that year and stay in PB's inventory a..
What factors effect the demand for a smart phone? What are the substitutes for the iPhone; What do they cost? How does this impact demand for the iPhone?
What kind of unemployment do many commentators propose is dominant following the Great Recesison? Explain what’s going on here.
q.suppose a firms production function is given by q l12k12. the marginal product of labor and the marginal product of
Constrained Optimization in Economics 2. Minimize costs for a firm with a cost function Subject to the production quota
Explain what the lock-in effect is for capital gains that are taxed on realization. How can the effect lead to inefficient allocation of capital? b. Explain what a Roth I.R.A. is and show how its availability affects a competitive consumer's budget s..
An assembly-line worker is more likely to exert less effort and produce fewer units when he is paid by the hour than when he is paid based on the number of units produced.
Compute the average total cost, average variable cost, and marginal cost of producing 60 to 72 haircuts. Draw the graph of the three curves between 60 and 72 haircuts.
Robert Lucas said that "...business cycles are all alike', yet from Chapter 3, we see that the times series of deviations from trend in real GDP is "choppy", and there is no regularity in either the amplitude or frequency of fluctuations in real GDP ..
Two identical countries, Country A and Country B, can each be described by a Keynesian-cross model. The MPC is 0.8 in each country. Country A decides to increase spending by $1 billion, while Country B decides to cut taxes by $1 billion. In which cou..
What does the Taylor rule imply that policymakers should do to the fed funds rate under the following scenarios?
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