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Paper currency is the most easily recognized form of money.
How will does paper currency serve the functions of money if we have an inflation rate of 50-percent per year? Gold is also recognized as a form of money. How well does gold serve the functions of money if we have an inflation rate of 50-percent.
Suppose the marginal expense of hiring another worker is $150 and the marginal expense of hiring current workers for an extra hour is $10.
What distinguishes money from other assets in the economy? What are demand deposits, and why should they be included in the stock of money?
The government decides that eating ice cream is a socially desirable activity and passes a law giving consumers 50 cents for each ice cream cone they eat. What is likely to happen in the marketplace once this policy is in effect What are consumers..
Fill in the following table assuming that policy makers have a correct model of the economy, follow the Taylor rule, and the economy has the two one period lags.
Calculate Joe's Marginal Revenue Product for Labor (MRPL). What is Joe's optimal level of L if w=$22.75? Why?
Local government in a west Coast college town is concerned about recent explosion in apartment rental rates for students and other low income renters.
You are the manager of an organization in America that distributes blood to hospitals in all 50 states and the District of Columbia.
Elizabeth has $35,000 in an investment account, but she wants account to increase to $100,000 in ten years without making any additional contributions to the account.
suppose the firm is facing an output constraint - specifically , the maximum allowable output is 480 units - that is Q
Suppose two firms 1 and 2 compete in quantities and face a demand curve p = 100 - q. Suppose firm 1 has a constant marginal cost of 10 while firm 2 has a constant marginal cost of 40. Suppose they produce quantities simultaneously. a. Find q..
Assume that the payouts of the game were changed (if necessary) such that it results in gamblers having a positive expected value.
Pick a real-life rm that bundles products in some way. Describe how this pricing function is a form of price discrimination; in other words, why do some consumers effectively "pay more" for a particular product than other consumers do? Why is it a..
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