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Suppose that you have had a one-hundred dollar bill hidden inside your mattress for the past year. Suppose also that at the beginning of the year, you could have instead used the hundred dollars to purchase a bond that would have given you a real return equal to 6% for the year. Based on this information, what is the opportunity cost of having held the one-hundred dollar bill as an asset instead of using it to purchase the bond?
ii. The asset demand for money varies with the interest rate. Does it vary directly or inversely?
Calculate the new cost earned by sellers, the cost paid by clients, as well as the equilibrium quantity sold in the market.
Eight friends ate at a restaurant and agreed to share the bill equally. Because Judi forgot her money, each of her seven friends paid an extra $2.50 to cover her portion of the total bill. What was the total bill?
Write about the problem or issue as if you are explaining it to someone who has never taken an economics class. Be sure to explain the key concepts and terminology of both microeconomics and macroeconomics.
Wages are specified as dollars per hour of work and L represents number of workers per day. Determine total demand for plumbers in New York.
q.a competitive firm sells its product at a cost of 0.10 per unit. its total cost function istc 5 - 0.5q 0.001q2a
Under free trade, Argentina exports beef. Its government imposes a tax t on exports. Draw and label a diagram to show what happens to Argentine beef consumption, production, exports, domestic prices, consumer and producer surplus
Provide a rational for why you feel the new target market and pricing strategy would be successful and the likely impact to the profitability of the firm.
Elucidate how the market system efficiently performs the functions of communication, cordination, and motivation in the distribution of resources to consumers.
To be useful, market segments must rate favorably on five key criteria. In the ________criterion, effective programs can be formulated for attracting and serving the segments.
Explain WHY profits are maximized or losses minimized at the level of output where marginal revenue equals marginal cost.
what changes should they make in government spending or taxes ? what changes should they make if they decide a contractionary fiscal policy is necessary?
Explain the effect of the following events on the interest rate in the loanable funds market. Demonstrate you answer graphically.
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