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Q. Recently, a bank was trying to decide illustrate what fee to charge for "expedited payments" - payments that the bank would transmit extra-speedily to enable customers to avoid late fees on cable TV bills, electric bills and the like. To try to determine Illustrate what fee customers were willing to pay for expedited payments, the bank conducted a survey. It was able to determine that many of the people surveyed already paid fees for expedited payment services that exceeded the maximum fees that they said they were willing to pay. Explain how does the bank's Find outing relate to economist's traditional focus on Illustrate what people do, rather than Illustrate what they say they will do?
If planned aggregate expenditure (PAE) in an economy equals 2,000 + 0.48Y and potential output (Y*) equals 4,000, then this economy.
If the quantity of output demanded at every price level increases by $1 trillion, Illustrate what happens to equilibrium output also prices.
You learn that the market price of illegal drugs is falling. Which hypothesis is consistent with this information on drug prices.
Assuming labour demand is downward sloping and that the labour market is competitive, what happens to national income as a result in immigration.
Ssuppose which the benefit to the villagers of each additional cow grazing on the commons declines as more cows graze as each additional cow has less grass to eat than the previous one.
Contrast two or three key economic factors for this country with the U.S. economy, and comment.
Assume that the returns of these stocks are independent of each other. Find the mean and standard deviation of the total amount that this investor earns in one year from these four investments.
Do wages clear when the wage equals two. Do we know whether the equilibrium wage is higher or lower than two.
The European Engine Company (EEC) is a multi-national manufacturer of small gasoline and diesel motors.
Suppose that in the 1990's, the average retail price of a roll of Kodak film was $6.95 and that Kodak's marginal cost was $3.475 per roll. Based on this information, discuss industry concentration.
Suppose production price is 20. The firm views that price as beyond its control.
Solve for the equilibrium interest rate. Solve for equilibrium value of consumption and investment.
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