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In a speech in late 2011, President Obama argued that: "Probably the single greatest cause of the financial crisis and this brutal recession has been the housing bubble that burst four years ago". What did President Obama mean by the "housing bubble"? How can a housing bubble bring on a recession?
I am planning giving a patent for a new drug. The public demand is given through: P=120-10Q, where Q is quantity of the drug and P is price. If the marginal cost of production is given by MC = 2Q,
If the Federal Government is giving more than it receives in tax revenues in an effort to reduce unemployment
Describe the effect of such clauses on both the government, and other customers, noting, inter alia, the effect on the selling firmâ.
Discuss how absolute advantage and comparative advantage differ? Kyle can read 20 pages of the economics in an hour. He can also read 50 pages of history in an hour. He spends 5 hours pre day studying. Draw Kyle's production possibilities fron..
Assume if you scale up every price and nominal income in the same positive proportion Elucidate why this is true.
One of the limiting resources in our economy is time. As a society, we make selection about allocation of time in work and other pursuits.
Construct a graph showing supply and demand in the electronic dog feeder market and how are the laws of supply and demand illustrated in this graph? Explain your answers.
Assume you were appointed economic adviser to a less-developed nation in Africa. The nation seeks to encourage capital formation and wants to increase the rate of saving.
annual net income was $50.72 million. If EMC's estimated opportunity cost of funds is 10%, as an analyst how would you view the acquisition? Would your conclusion change if you knew that EMC had credible information that the economy was on the ver..
Explain how will the quantity of aggregate output supplied respond to the fall in prices. What will happen when firms and workers renegotiate their wages.
Assume worker productivity increased at the rate what rate of increase in RGDP would be sustainable without increasing inflation pressures.
The consumer must pay $20 for good 1 and $15 for good 2. The consumer's monthly income is $6,000. A) determine the optimal quantities of X1 and X2 the consumer should purchase in order to maximize their utility. B) what is the maximum level of utilit..
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