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Explain how do the relationships between Congress (think about both houses) and the American people function today?
Two car manufacture, Saab and Volvo have fixed costs of $1 billion and marginal costs of $10,000 per car. If Saab produces 400,000 cars per year and Volvo produces 200,000, calculate the average production cost
Illustrate what is the practice by a monopolist of charging each buyer the highest price.
Elucidate the roles played by total utility and marginal utility.
Illustrate what are the major performance goals that we set for the economy, and how do we measure the performance?
Explain how does inflation affect an company's decision-making process.
Discuss how the economic indicators inflation, employment levels and interest rates,
As all points on a contract curve are efficient, they are all equally desirable from a social point of view.
What is the profit-maximizing price to charge a Texan for a car wash? What is the profit-maximizing price to charge a Californian for a car wash?
Illustrate what are the roles of central bank independence and financial market development in budget deficits and inflation.
What takes palce to output, the optimal scale of a firm, and price if there is a free entry into the market.
Illustrate what is the impact of shifts of the aggregate demand curve on potential output. Illustrate your answers with a diagram.
Write down his budget constraint and a utility function that captures his preferences. Draw his budget constraint and three of his indifference curves.
Illustrate what are the pros and cons of performing an engineering economic analysis
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