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Each of the readings and videos for this part of the class had an actual point of view. They were grounded in particular political values with political norms, assumptions and goals, some of which are explicit and some of which are not stated. In other words, they were not just “objective” recitations of facts. They picked and chose which facts to present. All writings in the social sciences to just this same thing. But, what did YOU think of these norms, values and goals? How did you FEEL about them? How did you REACT? Did you AGREE? DISAGREE? What is YOUR point of view and value structure? Explain.
One government policy for dealing with a natural monopoly is to:
What explains that ATC is U-shaped for two reasons. The first is the existence of diminishing marginal product.
Find the equivalent equal payment series (A) using an A/G factor such that the two cash flows are equivalent at 10% compounded annually. First cash flow: Start at -$50 at year zero and goes up every year in increments of $50 so at year five its at $2..
q1. consider and economy with output equal to the natural level of output. now assume there is an increase in
Discuss how financial friction increased sharply during the financial crises of the 1930s and 2007-2009 and how it intensified the crises.
Determine algebraically the equilibrium price and quantity? Suppose that the price to be fixed at $110. Determine algebraically the surplus or shortage that would result? Discuss the differences in elasticity of supply and elasticity of demand?
Assume a large world economy with several countries. There is a good that can be produced domestically by every country in the absence of trade. Suppose Country 1 has the following demand and supply curves for this good: D1= 28-2P and S1= 2P-4. By ho..
the assignment is to determine the same information on the demand for gasoline tab using the information in the example
Suppose a computer manufacturer is currently producing a total of 1 million computers in two states, Iowa and South Dakota. The firm is currently employing 50,000 production workers, with 20,000 working in South Dakota and 30,000 working in Iowa.
In 2010, The Fed reduce the Discount rate by eleven times, to 1.50%, the reason for this action was to:
One organization must have high fixed costs also low variable cost also the other must have low fixed costs also high variable costs.
Illustrate what percentage does equilibrium cost level differ from its initial value if output increases to Y = 106 (and r remains at 0.10).
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