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Is the economy of a big city more competitive than that in a small town or given neighborhood? How? Do you think your local grocer has monopoly power? How much? Can you cite examples of both entry and exit from the marketplace among firms located within five miles of your home? What industries have been involved? Do you know of any giant firms that have emerged, almost from oblivion, in the past five years? Any that has failed? Would you conclude from your answers that our economy is basically competitive or noncompetitive?
What is real mortgage interest rate in 2001, 2002, 2003 and 2004? What are the values in 2000 dollars of the Nancy's monthly mortgage payments in the year of 2001, 2002, 2003, and 2004?
Problem based on Utility Function - Problem, Answer and explain the following using a diagram which is completely labeled.
What is your economic cost of buying a ticket? What is your economic cost of attending the game (once you already bought the ticket)?
Find out the equilibrium market price. Find out the profits of the leader and the follower
Karen earns $75,000 in the current period and will earn $75,000 in the future. Assuming that these are the only two periods, and that banks in her country borrow and lend at an interest rate r = 0, draw her inter-temporal budget constraint.
Find the velocity given that the market is in equilibrium. MD1 is the relevant curve and it is given that the real GDP is 30,000.
What is the amount of loans from rest of the world? What is the current account balance? What is capital account balance?
Engineers at national research laboratory built a prototype automobile which could be driven 180 miles on single gallon of unleaded gasoline. They estimated that in the mass production the care would cost 40k for each unit to build.
The advent of the one man bus involved more capital equipment: an automatically operated coin box and door control device - to name two of the capital goods that replaced the conductor."
President Obama pushed his massive fiscal stimulus package of $787 through the Congress and later passed by the House and Senate, whose centerpiece was spending most of this stimulus funds
Suppose that in the market for comic book illustrators the substitution effect dominates the income effect While visiting Comic Con.
Joan is deciding where to spend her spring break. If she goes to Cancun, Mexico, the trip will give her 9,000 utils of satisfaction and will cost her $300. If, instead, she travels to Florida, the trip will give her 5,000 utils of pleasure and w..
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