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The estimated demand for a good is Q=25-5P +0.32M+12P where Q is the quantity demanded of the good , Pr is the price of the good, M is income, and Pr is the price of related good R.
The coefficient on P is?
The good is?
This good and related good R are?
If income decreases by $1000, all else constant, quantity demanded will_______ by __________
If the price of the good falls by $4, the quantity demanded will_____ by _______units.
The economy is at full-employment and spending increases, which spurs inflation - Which of these groups would be helped by inflation
Consider a contractual setting in which two players have agreed to invest (play I) in a cooperative enterprise. However, since their agreement, but before they have made the investments, some costs and revenues have changed. Circle the Pareto efficie..
In the economy of Panicia, the monetary base is $1,000. People hold a third of their money in form of currency (and thus two-thirds as bank deposits). Banks hold a third of their deposits in reserve. What are the reserve-deposit ratio, the currency-d..
Solve for market equilibrium price and quantity. Illustrate your answer with a diagram of market. What are dollar values of consumer and producer surplus.
where P represents price and A is the number of weekly advertisements. Presently the theater advertises 125 times per week. Assuming this is the only theater in town, and its marginal cost, MC, is equal to zero, Determine the profit maximizing ticket..
Malthusians and Neo-Malthusians believe that, eventually, the population of the earth will be exceeding the number of people able to be sustained by the earth's food production. As such, they advocated different forms of population control. However, ..
What is the effective interest rate of an investment if the nominal annual interest rate is 4.67% and it is compounded semi-annually? Express your answer as a percent to two decimal places.
Identify and briefly explain in your own words three specific macroeconomic topics or ideas that you found to be the most important and/or most interesting. Be specific, and explain.
Consider an economy in which the amount of investment is equal to the amount of savings (i.e., the economy is closed to international flows of capital).
Suppose a monopolist has cost curve C(q) = 10 + 3q + 0.1q 2 and faces demand q = 12 ? p. Find the monopolist price and quantity. Return to the situation in (a) with only one market. What would be the monopolist profit?
Suppose GDP equals $9 trillion, consumption share is 6.3 and the government expenditure share is 1.8 suppose this economy has a budget surplus of $800 billion, taxes are 2.6, public savings is .8, private savings is .1 and national savings is .9 If t..
Ricardian equivalence implies
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