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1. Yesterday you were consuming 4 eggs and 2 strips of bacon. Today you are consuming 3 eggs and 3 strips of bacon. If you have the same taste what might have caused this change? Are you better or worse off?
2. Suppose that you consume two goods X and Y. You are initially in equilibrium, and the price of good X rises. How would you adjust your consumption to return to equilibrium?
Illustrate what does the law of increasing opportunity price say and what is its implications regarding steel and textile manufacturing.
Antitrust authorities at the Federal Trade Commission are reviewing you company' recent merger with a rival firm. The FTC is concerned that the merger of two rival firms in the same market will increase market power.
Illustrate what effects do technologies have on costs. What are some lower cost sources the organization may utilize to reduce cost.
Elucidate how policy would achieve economic growth, and at the same time engage in poverty reduction.
Elucidate what are the best goals for the Fed. Should it lean toward restraint or toward expansion.
With the help of an AD-AS diagram, explain the effect on the price level and real GDP. Use an upward sloping AS curve and be clear about the interconnections among markets.
Application of Nash Equilibrium and Game Theory with examples
These actions have caused violent protests. Should the U.S. follow their example? What would be the consequences of just printing more money to pay the debts of the government?
What would the government surplus/deficit be, what would the trade balance be and what changes would occur if G were increased to $941?
In each of the cases listed below determine what this consumer needs to do (in terms of purchasing X and Y) to maximizes their utility.
1. Suppose the French suddenly develop a strong taste for California wines. Draw a graph below to answer the following questions: a.) What happens to the demand for dollars in the foreign exchange market b.) What happens to the value of d..
A manufacturer of microwaves has discovered that male shoppers have little value for microwaves and attribute almost no extra value to an auto-defrost feature. Female shoppers generally value microwaves more than men and attribute greater value t..
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