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You are a hero with a broken sword (Conan, Boromir, or your favourite Dungeons and Dragons character) being chased by a troop of bad guys (bandits, orcs, . . .). Fortunately you are on a horse and they are not. Unfortunately your horse is tired and they will eventually run you down. Fortunately you have a bow. Unfortunately you have only ten arrows. And there are 40 bad guys. Fortunately, being a hero, you never miss. The bad guys are strung out behind you, as shown. USE ECONOMICS TO GET AWAY
Note: You cannot talk to the bad guys. They are willing to take a substantial chance of being killed in order to get you--after all, they know you are a hero and are still coming. They know approximately how many arrows you have.
A company sells two products, A and B. The demand for product A is given by DA and the demand for product B is given by DB. The price for product A is given by PA and the price for product B is given by PB. The company needs to determine the selling ..
When firms in a perfectly competitive market face the same costs, in the long run they must be operating
A decrease in the government's budget deficit ______ the real interest rate and ______the equilibrium quantity of national saving.
Using the same product example above, analyzing how the risk tolerance factors play in supplying the good or service and how this should influence management’s decisions.
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Monopolistically competitive firms
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Calculate the amount of tax collections that the government will require in period two. If so, compute it; if not, explain why not.
how will the quantity of aggregate output supplied respond to the fall in prices. Illustrate what will happen when firms and workers renegotiate their wages.
At approximately what interest rate level would a new equilibrium occur? What curve or curves would have to shift in order for this equilibrium to occur? What would happen to the economy in regards to the money market and output market if the governm..
Explain the advantages of specialization and trade in international economics. Explain how economic growth and international trade increase consumption possibilities.
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