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The exchange rate between the dollar and the euro is one dollar to .8 euro (€). The price of a Mercedes is € 45,000; the price of a similar size Cadillac is $38,000. What is the euro price of the Caddy? What is the dollar price of the Mercedes?
The internet has become a major hub for conversations, this has connected all on the web and allows eMarketers to track all conversations that take place and this provides an understanding for all parties. how would you measure the effectiveness of t..
US imports oil at the world price, $55 per barrel. The domestic supply curve in barrels per day is S = 2500000 + 250000P with P in dollars. Domestic demand curve is D = 70,000,000 - 500000P. Draw the US demand and supply curves for oil and indicate h..
Discuss utility and some of the properties about people's preferences. one is that "more is better ".do you agree that is always the case and if not, do you have an example?
The price of producing synthetic rubber shoes shoots up 15%, raising the price of the typical athletic shoe 15%. What should the Fed do? (Some what of a trick question. You need to determine if this is a macro or micro issue.) Should the Fed buy or s..
What is meant when we refer to multiple regression coefficients as partial or net regression coefficients?
How will a cut in Government Spending of $300 billion with a MPC equal to .75 impact AD, inflation, and output? Why? Make sure to include the appropriate equations and graph. How does the cut in Government spending impact the budget deficit and the n..
Introduce the Dream Act. Background information/details surrounding the Dream Act. detailed discussion of opposing positions (why some people against the Dream Act.). provide supporting information for opposing positions.
Calculate the price elasticity demand for bus rides. Next, suppose that the bus schedule is changed so that buses are 10 percent more frequent and that rider-ship subsequently rises to the level that existed before the fare increase. What is the freq..
Explain why this formulation of consumption may provide a more accurate description of consumption than the simple consumption function that depends only on current income.
Suppose you are the owner-operator of a gas station in a small town. Over the past 20 years, you and your rival have successfully kept prices at a very high level.
Our recent recession seems to demonstrate again that expenditures and incomes depend on each other. If markets do not self adjust, how can a decline in spending lead to a negative process that ruins an economy? (Consider referencing the "Keynesian Cr..
Sally gets pleasure from good Y but gets no pleasure from good X. Tim gets no pleasure from good Y, but gets pleasure from good X. Draw indifference curves in an Edgeworth Box (place Sally's origin at the lower left and place good X on the horizontal..
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