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List the errors in the following graph. Carefully explain why the curves drawn this way are wrong. In other words, why can't these curves be as they are shown in the graph?
Assume consumer equilibrium (budget curve and indifference curves). Draw 3 separate scenarios: (1) the price of good x decreases; (2) the price of good y increases; and (3) the budget (income increases). In each scenario, explain the effect on the gr..
Mention two economic choices you had to make with in last week. Alfred Marshall said in 1890s, "economics is the study of man in ordinary business of life." You must examine one or two of these choices in terms of alternatives you gave up.
6. Flexible exchange rates and foreign macroeconomic policy. Consider an open economy with flexible exchange rates. Let UIP stand for the uncovered interest parity condition.
responses to discussion questions are to reflect critical thought and be at least 250 to 300 words in length.why do
What market structure have you entered, and why - what can you do to guarantee success in market?
Draw a new set of graphs that illustrate long-run equilibrium in a constant-cost competitive industry. Use two graphs, one for the market and another for a representative firm.
A road building contractor has received a major highway construction contract that will require 50,000 m^3 of crushed stone each year for 5 years. The stone can be obtained from a quarry for $7.80/m^3. As an alternative, the contractor has decided to..
If the market for alcoholic beverages is in equilibrium, then the drinking age is reduced from 21 to 18 what will happen to the equilibrium price and quantity of alcoholic beverages.
Discuss the economic effects of monopoly
Find the long run equilibrium price of a hammer and the number of hammers made by each firm in long run equilibrium. Find the number of firms which exist in this market in the long run
A machine costs $5,240 and generates an annual end-of-year benefit of $1,000 for 8 years. If a nominal annual interest rate of 9.532% with continuous compounding is assumed,
write a three to four 3-4 page paper in which youdiscuss the current economic situation in the u.s. as compared to five
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