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Based on the regression equation, the price of gold increased on average by approximately $___ per ounce for a $500 billion increase in the monetary base (round to the nearest dollar). regression equation $/oz gold=207+.05 monetary base
Frances sells earrings in the perfectly competitive earring market. Her output per day and costs are as follows: OUTPUT PER DAY TOTAL COST 0 1 1 2.5 2 3.5 3 4.2 4 4.5 5 5.2 6 6.8 7 8.7 8 10.7 9 13 a) If the current equilibrium price in the earring ma..
An advertising campaign that makes people more aware of the benefits of chiropractic care
Considering the market for loanable funds, how does the severity of crowding out depend on the slope of the supply curve?
What is the “social responsibility of business?” Is it more than just “increasing profits while staying within the rules of the game?” What ethical issues face a firm with market power that are less significant for a firm in a highly competitive indu..
“If the assumptions of the median voter model hold, then using majority voting to determine the amount of a public good purchased by a city will lead to either an efficient level of the public good being provided or an under-provision of the public g..
There is a dollar on the table, which each player can try to grab. If only one player grabs, G, and the other does not, D, the player who grabs gets the dollar and his payoff is 1, while the other player's payoff is 0. If both players try to grab at ..
The government often intervenes when private markets fail to provide an optimal level of certain goods and services. For example, the government imposes an excise tax on gasoline to account for the negative externality that drivers impose on one anot..
When the competition is intense and the environment is changing rapidly, it is especially important to
Variable costs are costs that:
Empirical studies suggest that when a large number of firms are present in a market, prices are usually ________ and profits are usually ________ than when there are only a few firms in a market.
A firm with market power has the inverse demand curve P = 90 – 1.5Q and the marginal cost curve MC = 10 + Q. If the firm decides to practice perfect price discrimination, its producer surplus will: increase from $400 to $840.
Say one has a large data set of cross-sectional data over a number of years (independently pooled cross section across time). If one regresses a subset of that large data set – a cross-sectional model for the data for one year with no year dummy vari..
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