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Maria can read 20 pages of economics in an hour. She can also read 50 pages of sociology in an hour. She spends 5 hours per day studying. a. Draw Maria's production possibilities frontier for reading economics and sociology.
b. What is Maria's oppurtunity cost of reading 100 pages of sociology?
An economic bad is something you don't want to consume, i.e. less bad is better. Define an economic bad mathematically and name one economic bad in reality. Suppose you had to consume a certain amount of a given economic bad but could pay to get r..
Calculate the cross-price elasticity for the following goods. Are they complements or substitutes?
Suppose if the discount rate for the stock is 12 percent, at what price will the stock sell.
Assume that you never carry cash. Your paycheck of $1,000 per month is deposited directly into your checking account on the 1st day of the month,
Explain why would this be described as a Prisoner's Dilemma game.
What is the equilibrium price of a box. Is this the long-run equilibrium price. Expalin how many firms are in this industry when it is in long-run equilibrium.
List out also describe the firms in the industry. Discuss the product, production methods, scale of production, and sources for raw materials.
Elucidate the policy which change, you would recommend also how this change would be financed.
Illustrate what do you think about the goal of the IMF's aid to distressed countries. What has been the controversy surrounding the IMF austerity programs.
Between your answers to parts b and c, which prices/capacity are best applied from a social welfare perspective? Why?
Create an educated guess as to illustrtae you expect to happen to short-term.
Illustrate what would happen to the dollar-yen spot exchange rate and the current account deficit if there were a decrease in Japanese investment in the United States.
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