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(Reserve Accounts) Explain why a reduction in the required reserve ratio cannot, at least initially, increase total reserves in the banking system. Is the same true of lowering the discount rate? What would happen if the Fed bought U.S. bonds from, or sold them to, the banking system?
Each existing firm and every potential entrant faces an identical U-shaped average cost curve. The minimum level of average cost is $10 per ton and occurs when a firm produces 5 million tons of cobalt per year.
What are the short- and long-term volume effects of an exchange depreciation? Does empirical evidence suggest that they are of sufficient size to outweigh price effects and therefore improve the trade balance?
For each audit procedure, list a technique for gathering evidence used (inquiry of client personnel, inspection, observation, examination of documents, reperformance, confirmation, analytical procedures and physical examination.)
Suppose the demand curves for the two market segments are: Out of town: Q0 = 600 - 10P Local: Q1 = 600 - 20P A. If the resort charges one price to all skiers, what is the profit-maximizing price Calculate how many lift tickets will be sold to each..
Harvey wanted to start his own business so he quit his job at Winona State University where he earned $98,000 a year. He figured his entrepreneurial talent to be worth $15,000 a year.
Assuming that each country chooses its tax rate to maximize tax revenue, calculate the Nash equilibrium choice of tax rates.
Given the information below what are the optimal markups for widgets and gadgets Marginal revenue = Price(1 + 1/Price elasticity) since price is positive (always) so we can ignore that part when determining the sign of MR MR is negative if 1+1/elasti..
On a diagram, draw the marginal cost curves for the two factories, the average and marginal revenue curves, and the total marginal cost curve (i.e., the marginal cost of producing Q = Q1 + Q2). Indicate the profit-maximizing output for each factor..
A random variable X is defined to be the difference between the higher value and the lower value when two dice are thrown. If they have the same value, X is defined to be 0. Find the probability distribution for X
Identify and list the various costs-fixed and variable, direct and indirect-required to execute the project.
For a p+-n silicon junction, Na= 1 × 1017 cm-3 in the p-side and Nd= 1 × 1015 cm-3 in the n-side. Determine the depletion capacitance per unit area of cm2 at -4V.
A driver faces a 5% probability that his car will be in an accident and will be worth nothing. Consider three drivers with cars that have value $30,000. Abdulla's utility function over the value of his car W is u(W) = ln(1 + W).
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