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How can the long-run average cost (LRAC) curve be derived from the short-run average total cost (SRATC) curve?
What are the positive and negative aspects of budget deficits and surpluses?
Recent data reveals that the price of balsamic vinegar and the quantity of balsamic vinegar consumed have decreased. Which of the following would cause an unambiguous decrease in the quantity of balsamic vinegar
Distinguish macroeconomics and microeconomics. What is the difference between positive and nonnative economics? How can knowledge of positive economics be useful in normative economics?
Draw an Edgeworth box depicting the feasible allocations of state 1 consumption of m and state 2 consumption.- Identify the ex ante Pareto efficient allocations 1.
Describe why it is important for the media to provide objective coverage of events. Do you believe today's media accomplish this goal? Support your answer. And, how do you think media coverage of politics will change, if at all, in the next 10 y..
Can you make a decision of what part of the business cycle the U.S. economy is currently in? Why? What factors lead you to this conclusion?
1- What are the characteristic that a firm faces in a perfectly competitive market? 2- What methods would they employ to maximize profits?
i) What is the total change in reserve for the banking system. ii) What is the maximum change in the money supply as a result of securities purchase
A firm's current profits are $900,000. These profits are expected to grow indefinitely at a constant annual rate of 2 percent. If the firm's opportunity cost of funds is 4 percent, determine the value of the firm:
Assume that Japanese and U.S automakers produce on identical isoquats. Wages are higher in Japan than in the United States.
Kindle tablet vs Ipad 2. There is rumor on the market that Amazon will release a new tablet device called Amazon Kindle, which will become a competitor of Ipad 2 from Apple. Let us consider a sequential game based on this story.
Begin by explaining fiscal policy. Describe expansionary and contractionary fiscal policies. Identify the situations in which expansionary fiscal policy and contractionary fiscal policy would be used.
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