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How does a government budget deficit affect the economy? Identify two periods in recent history in which the United States has run budget deficits. What were the reasons for the deficits during those time periods?
Please post 200 - 300 word minimum response.
Can you find a Nash equilibrium in pure strategies that is not efficient. Find the sub game perfect equilibrium as a function.
Illustrate what would happen to GDP if a significant number of house-spouses who were previously stay home to care for their children began taking jobs and placing their children in day care.
Calculating the net costs of checking accounts. Determine the annual net cost of these checking accounts:
Suppose that you are on a desert island and possess exactly 20 coconuts. Your neighbor, Friday, is a fisherman, and is willing to trade 2 fish for every coconut that you are willing to give him. What is the slope of budget line from trading with Frid..
For each of the following indicate what market structure best represents the good or service and briefly outline 2 characteristics of each market structure.
Identify the area that represents producer surplus. (b) Describe briefly in words how a price floor can cause a “deadweight loss”.
Suppose that you are the owner and operator of a perfectly competitive firm with the following total cost function.
Suppose a country produces two final goods, Pizzas (Ps) and Tacos (Ts). In Year 1 it produced 10 Ps at a price of $5 each and 50 Ts at a price of $1 each. In Year 2 it produced 15 Ps at a price of $6 and 50 Ts at a price of $2. If Year 1 is the base ..
Using a payoff matrix to determine the equilibrium outcome Suppose there are only two firms that sell smart phones: Flashfone and Pictech. The game between Flashfone and Pictech is not an example of the prisoners' dilemma.
Compute the firm's profit from part d. Solve algebraically for the profit maximizing quantity (QM) and price (P M). You should get the same answer as in d.
You are the marketing manager for XYZ Corp. You have this regression result for your product: Q = 2000 - 3.S*P + 1 .2*1. Right now, your price is 10, and the average income of your customers is $30,000. Compute income elasticity? Is your good a norma..
Steven and Joe are roommates in a cramped apartment, and they’re increasingly getting on each others’ nerves. Steven is vegan, a smoker, and extremely hygenic. What are the parties’ threat values if Steven enjoys the legal right to smoke indoors? Sam..
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