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Precisely how do the APC and the MPC differ? Why must the sum of the MPC and the MPS equal 1? What are the basic determinants of the consumption and saving schedules? Of your personal level of consumption?
Assume that the firm's marginal cost is given by MC = 0.2q + 3. What is the level of output q that maximizes profit? b) Assume the total cost is given by TC = 0.1q^2 + 3q + 10. Calculate the firm's profit. c) Graph these results and label firm's s..
A discriminating monopolist faces the demand schedule Pmkt = 225 - Q and MC = 125 a) What is the market-clearing price for the discriminating monopolist b) How much will the monopolist produce c) What is the net profits of the monopolist
Is this rate a single number that is used in all situations?
Illustrate the long run and short run on the same diagram.
Calculate the equilibrium level of output when i=8% (let i=8). Where is this point on your graph Assume that i continues to be 8%. Calculate the equilibrium level of output when G increases by 100 (to 500). What is the size of the money multiplier
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..
Do you think these costs should be included in GDP?
What are situational chic's? Are they compatible with universal ethics? Are they likely to be better developed in shame cultures? Why?
Five years ago, when the relevant cost index was 120, a nuclear centrifuge cost $40,000. The centrifuge had a capacity of separating 1500 gallons of ionized solution per hour. Today, it is desired to build a centrifuge with a capacity 4500 gallons..
Two alternate schemes are proposed for heating this building. "Bottled gas" can be used for floor type furnaces, or electric radiant panels can be installed in the walls and ceiling. It is estimated that the building will be used for 5 years befor..
Plot this utility function for values of income in the range 1. . . 36.
Suppose that, as a result of monetary policy actions, the Federal Reserve sells 80 bonds that it holds. A. How does the Federal Reserve policy affect the bond supply equation? B. Calculate the effect on the equilibrium interest rate in this market, ..
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