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What features of the U.S. financial system facilitated the Great Recession in 2007-2008? Could the crisis have been avoided? If so, how what institutional and systemic changes would have been required to prevent the problems that occurred? How well did financial institutions respond to the crisis? What could the government have done that it did not do to ameliorate the situation? What else could the market sectors and financial institutions have done? Should the government regulate financial markets more stringently, or should the government relax regulations? What do you think will happen to the U.S. economy in the next decade?
Answer the following questions using the cost curves for the price-taking firm shown in the figure below. If price is $3 per unit of output, draw the marginal revenue curve. The manager should produce _____________ units.
Al has found $1,000 and has decided to divide it between his children, Bud and Kelly. Suppose that Bud is rich and Kelly is poor. Assume that the marginal utility provided by a dollar declines the richer you are. If Al is concerned with increasing bo..
What is one cited reason why healthcare expenditures are so high in the United States? Medicare and Medicaid reduce the supply of medical care.
On August 15, 2014 Emma signed a contract to purchase 35,000 gallons of ethanol from Korey for resale at her ethanol station. When Emma signed the contract, the ethanol was warehoused in a holding tank at Korey's production facility. On August 24 lig..
Illustrate what was the growth rate of nominal GDP between 1996 also 1997. Why do economists use real GDP per capita to measure the economic progress.
Find out equilibrium cost and quantity. Illustrate on your graph how a rise in cost of automobiles would affect gasoline market.
The free rider problem occurs because: consumption is rivalrous, so the consumption of a product by one individual diminishes the amount available for others. individuals are not required to pay for those goods which do not yield any utility to them.
A foundry uses 3,600 tons of pig iron per year at a constant rate. The cost per ton delivered to the foundry is $145. It costs $92 to place an order and $18 per ton per year for storage. Find the minimum-cost purchase quantity.
Suppose that a 20 year Corporate bond pays an annual interest payment of $60. The bond sold for $1000 last year and is currently valued at $1050. Compute the rate of return. Briefly discuss the role of the capital gain or capital loss in your result...
The global propylene industry is perfectly competitive and each producer has the marginal cost function MC=40-12q+q2. The corresponding average cost function is AC=40-6q+ 1/3q2 . The market demand curve for propylene is Q=2200-100P. What is the long-..
The opportunity cost of money is
If the university's school of engineering can earn 4% on it's investments, how much should be in it's savings account to fund one $5000 scholarship each year for 10 years?
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