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2(a) How is the exchange rate determined in a freely floating rate system?
2(b) For few months, prior to your vacation trip to France, you find that the exchange rate for your U.S. dollar has increased relative to the Euro. If you were a U.S. citizen or resident, are you pleased? Explain.
Assume that the total cost function for a single firm in a purely competitive industry is given by following equation:
A scientist wants to determine the half-life of a certain radioactive substance-Based on the data, what is the half-life?
Assume your expected incomes in years one and two are $60,000 and $70,000 respectively. You have 40,000 in cash in year 0. Market interest rates for one-year loans are 8% in year 0 and 14% in year 1.
How would each of the following affect the firm's marginal, average, and average variable cost curves?
What is the difference between contractionary and expansionary fiscal policies? Which is more appropriate today? Explain your answer. How might contractionary and expansionary fiscal policies affect your organization?
Consider a firm that has just built a plant, which cost $20,000. Each worker costs $5.00 per hour. Based on this information, fill in the table below:
Draw an AS/AD diagram which shows what happens if strong growth in AD has pushed actual RGDP to a level above potential (full employment) RGDP.
If we assume that velocity of money is constant, does this zero-inflation goal require that the rate of money growth equal zero If yes, explain why. If no, explain what the rate of money growth should equal.
Halley's comet has a period of approximately 76 years, and it moves in an elliptical orbit in which its distance from the Sun at closest approach is a small fraction of its maximum distance.
a.) Lisa consumes only pizzas (P) and burritos (B). Her utility function is U=P^0.5 B^0.5. The price per pizza is $10 and the price per Burrito is $5. In equilibrium, Lisa consumes 4 pizzas. Using Lisa's utility function, calculate how many b..
Explain how has technology impacted the globalization process. Is this positive or negative in the short run? What about in the long run.
Find the Cantina's marginal revenue function and in the same diagram, illustrate the Cantina's demand curve and marginal revenue curve.
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