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Oil Price Shock/Price Discrimination
1. What did the USA do (like other countries as well) after the first "oil price shock" to become more independent from the OPEC oil?
2. What is "Third Degree Price Discrimination"? Name a practical example.
Describe the productivity change for every category also then determine the improvement for labor-hours, the typical standard for comparison.
Suppose you decide to withdraw $100 in currency from your checking account. What is the effect on M1? Ignore any actions the bank might take as a result of the withdrawal.
What is value added in every sector also what is total output for the economy.
The airline has an average of 40 passengers paying an average of $200 for this flight. Do you think the airline should be flying between the two cities? Evaluate from a short-run and long-run perspective.
Suppose we have a competitive market for a good with domestic demand and supply given by:
Assuming no population growth or technological progress, find the steady state capital stock per worker, output per worker, consumption per worker and investment per worker given that the rate of saving is 20% and depreciation rate is 10%.
Suppose there is an increase in risk aversion by wealth holders in the sense that, other things equal, they want to hold more of their wealth in money (bank deposits) and less in securities.
Suppose that Hump Ridge Company produces and sells two products, x and z, and that its total cost is given by-What does λ equal? What does it mean?
Optimal consumption. The following Table describes the demand for tickets to the opera, during the two=-week season.
Consider a product with a supply function Q 1 = β 0 + β 1 + u 1, a demand function Q d i =y 0 +u i d . Show that P i and u s d are correlated.
The table below shows the marginal utility a costumer would get by purchasing various quantities-What combination of the three products should be purchased in order to maximize utility?
Elucidate whether each of the subsiquent would make fiscal policy more effective or less effective
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