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If a new technology in the U.S. shale oil extraction could produce crude oil even more efficiently; at the same time, the U.S. federal government decided to subsidize people for electric car purchase, what would you expect the gas price change in the U.S. market? Please explain your answer in the language of economics by stating the possible shift(s) of demand and/or supply curves in the gas market.
Illustrate what type of organization has a high fixed cost and low variable cost balance to run its operations. Discuss the balance of fixed and variable costs for the organization.
The banking market in Athens, Ohio, currently has four banks with market shares of 60%, 20%, 15% and 5%. The two smallest banks have proposed merging. Under the standard merger guidlines of the Federal Reserve and the Justice Department
Assume an economy without foreign trade (closed economy). The central bank perform a expansionary monetary policy and decreases the interest rate through increasing the money supply (one time). How does the production, price level and interest get ef..
Find the following equivalent amounts if the interest rate is 8% compounded annually.
Which of the following can the Fed most quickly and accurately influence?
Many Canadian universities have traditionally offered an undergraduate degree in liberal arts (the product) to full time 18 to 22-year-old students (the market). How might such an institution use the four market-product expansion strategies shown in ..
If it permanently changes its leverage from no debt by taking on new debt in the amount of 13% of its current market value, what is the present value of the tax
The Pemberton Mill was a large factory in Lawrence, Massachusetts, which collapsed withoutwarning on January 10, 1860 in what is likely "the worst industrial accident in Massachusettshistory" and "one of the worst industrial calamities in American..
If she has to eat only whole servings, what will she have for breakfast, and how many calories will she consume? If she can eat partial servings, how would your answer differ?
A drug company has a monopoly on a new patented medicine. The product can be made in either of two plants. The marginal costs of production for the two plants.
An economy starts with $50,000 in currency. All of this currency is deposited into a single bank, and the bank then makes loans totaling $45,750. The T-account of the bank is shown below. Assets Liabilities Reserves $4,250 Deposits $50,000 Loans 45,7..
Dye (2010) stated “Policies that solve the problems of one group in society may create problems for other groups.” Present one policy specifically targeted towards one group in society that created issues for other groups.
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