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Your best friend comes to you for financial advice. She is wondering whether she should invest in (a) a sector of the economy that has been performing extremely well in the last five years relative to historic levels. or (b) one that has been performing extremely poorly in the last five years relative to historic levels. What would you advise? How might irrational expectations affect your reccomendations?
Elucidate what evidence of excess supply or excess demand can you cite in these examples.
In a constrained minimization problem, PA = $500, PB = $100, MB(A) = 50, and MB(B) = 60. If one unit of A is taken away, how many units of B must be added to keep total benefits constant? If one unit of A is taken away, how many units of B must be ad..
Opportunities being taken or missed out can be the be-all and the end-all for a company. How does market research help in opportunity recognition? Feel free to use examples in support of your answer.
The demand for football tickets is Q = 360 – 10P and the supply of football tickets is Q= 20P. The government levies a per-ticket tax of $4, which is paid by consumers. Calculate the after-tax price paid by consumers. Calculate the gross price receiv..
Suppose the market for eggs is in equilibrium at a price of $2 per dozen eggs. If the government decides to enact a new price floor at $1.50 per dozen eggs, what outcome does economic theory predict will occur?
Eric lives in Chicago and loves to eat desserts. He spends his entire weekly allowance on pudding and pie. A bowl of pudding is priced at $1.75, and a piece of apple pie is priced at $7.00. At his current consumption point, Eric's marginal rate of su..
The central bank of the country Oakville is hosting its annual economic policy symposium with monetary policy as the theme. Several bankers and professional economists are in attendance. Dorah Baker, a professor at the University of Oakville, is of t..
If Congress engages in contractionary fiscal policy, we can expect that
The European Union has heavily protected its farm sector through import duties; in addition, the Union subsidizes its exports of agricultural products. If “cropland” is regarded as a factor of production and is included in the Leontief statistic (alo..
Describe a positive or negative situation arising from an organization structure within an internationalcompany. Explain why a good organization structure is important to companies.
When a country is forced to buy and sell currency on the international foreign exchange market to maintain its currency's value, what type of exchange rate does it use?
q.for each level of output calculate the variable cost vc. for each level of output except zero output calculate the
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