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Q1. Consider the supply curve Qs = 4P. What happens to the price elasticity of supply along the curve as the quantity increases?
Q2. Show the following changes in your T accounts:Bank 411 "loses" $3 million of its checking deposits and to money market accounts at Shadow Bank 411i. Assume Shadow Bank 411 has a "checking account" at Bank 411Shadow Bank 411 buys $3 million more securities in the market and "pays" for them with its account at Bank 411. Bank 411 borrows $3 million more as a first response.
f merging carried with it no cost advantage, determine the number of firms needed for the merger to be protable
Suppose that both countries are currently producing three pairs of boots and three shirts. Elucidate that both can be better off if they each specialize in producing one good and then engage in trade.
If you want to make four equal payments on each January 1 from 2013 through 2016 to accumulate the $1,000, how large must each payment be.
A street vendor reduces the price of gelato from $3.50 to $2.75, the number of gelatos sold per day rises from 600 to 750. What is the price elasticity of demand for gelato?
World Trade Center and Pentagon affected short and/or long-term productivity in United States. Elucidate your response and show any movements in PPF.
How would social class differences influence product lines and styles, advertising media selection, and the copy and communication style used in ads and payment methods.
Make a table showing the value of marginal product for each screen from the first through the fifth. Illustrate what property is illustrated by the behavior of marginal products.
Describe the factors that influence the reliability of time-series forecasts. Under what circumstances would a time-series model offer a fairly reliable forecast?
When consumer is provided a $50 gift certificate that is good only at store X, she moves to a new equilibrium at point D. Prices of goods X and Y. Explain how many units of product Y could be purchased at point A.
Net domestic product is usually preferred to GDP by economists because net national product:
What are the three reasons that a market might have a monopoly? Give an example of each. Is creating a government-created monopoly necessarily bad public policy? Explain.
Assume that muffins are incredibly addictive, so consumers have perfectly inelastic demand for them, up to a certain saturation point.
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