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Using the broken window fallacy as described in "In The News" (p. 14 of Principles of Microeconomics),explain why some journalists, policy makers, and others proclaim that natural disasters are good for the economy in terms of eliminating old infrastructure and helping to create jobs. Do you agree or disagree? Provide specific examples to support your answers.
What will be the immediate impact on wages in each of the regions in the short run (before any migration between the North and the South occurs)?
A firm has the following total cost TC function TC = Q3- 30Q2+ 400Q + 500 , At what level of output the firm's marginal cost MC is $100?
prepare a one to two 1-2 paragraph journal entry that examines your learning experiences with orion in week 1 of this
Calculate the annual expected monetary value (EMV) of breakdowns by the steam engine on Enrico's ship and calculate the $ annual EMV of total destruction of the steam ship from sinking or by shipwreck.
1.If you take $100 out of your piggy bank and deposit it in your checking account, how did M1 change? Did M2 change? If the deposit will be loaned under 20 per cent reserve ratio, what is the change in M1 and M2 as a result of $100 into the banking s..
Use diagram to discuss and explain market and how social optimality can be restored in a market where the market failure exist to ensure optimality.
Identify the fixed and variable inputs - what are the firms' fixed costs and what is the variable cost of producing 475 units of output and how many units of the variable input should be used to maximize profits?
what you must give up to get something; what you are willing to give up to get it. the amount of money that you pay on the margin; the amount of money that you receive on the margin. what you are willing to give up to get it; what you must give up to..
A. Find the forecast value of the mutual fund for the month of June, using a naive model. The value for December 2008 was 19.00 B. Forecast the mutual fund price for January 2010 using a 3 period moving average model. ROUND ANSWERS TO 2 DECIMAL PLA..
With current technology, suppose a firm is producing 400 loaves of banana bread daily. Also assume that the least-cost combination of resources in producing those loaves is 5 units of labo
What tool of monetary policy will the Federal Reserve use to increase the federal funds rate from 1% to 1.25% - The U.S. has limits on Chinese textile imports
Short run proportions are often quite different from long-run probabilities. In your own words, explain why we would expect proportions to fluctuate in the short run, but why long-run probabilities are more predictable? What is the expected long-run ..
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