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Which of the following is a function of the Federal Reserve System?
A. Issuing certificates of deposit and creating money market deposit accounts.
B. Taking deposits of lenders to pool savings and make loans.
C. Acting as a lender of last resort to commercial banks.
D. Providing financing for consumer loans and mortgages.
Bob's utility function is UB = (hB - 1)2sB where hB and sB are his consumption of hamburgers and salads respectively. Let p be the price of hamburgers measured in salads. Alice is endowed with one salad and two hamburgers. Bob is endowed with six sal..
Elucidate why haven't the changes to campaign finance laws passed in 2002 been effective in stopping the flow of soft money
Suppose a widget manufacturer has an infinitely substitute production function, q=3L+2K, given that MPL= 3, MPK= 2. If both the wage rate and rental rate are $10. What is the cost-minimizing combination of L and K to produce 60 units of output. How m..
Draw a (standard) U-shaped SAC curve, U-shaped SAVC curve, and upward sloping SMC curve for a perfectly competitive firm. Indicate the firm’s short-run supply curve. What will be the effect of an increase in fixed costs on the firm’s supply curve and..
Suppose you make 30 annual investments in a fund that pays 4% compounded annually. If your first deposit is $6,000 and each successive deposit is 4% greater than the preceding deposit, how much will be in the fund immediately after the thirtieth depo..
Discusses an example of a regulatory measure which was supposed to serve public interest, but in reality serves private interest.
q.if the demand curve for wheat in the united states is p12.4 - qd where is the p is the farm price of wheat in dollars
Using a wholesale price of $4 per case in each state, calculate the breakeven output quantities for each alternative.
Compute the CV and EV associated with this price increase. how would you interpret these.
Suppose that there are freezing temperatures in Florida. At the same time the press reports that drinking orange juice significantly reduces the risk of stomach cancer. Predict the effect on equilibrium price and quantity.
Explain how each barrier can foster either monopoly or oligopoly. What barriers, if any, do you feel give rise to monopoly that will allow the government to become involved to protect consumers?
Illustrate which currently operates out of an office in a small town near Boston, just discovered a vacancy in an office building in downtown Boston
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