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The latest economic news was not very positive. Unemployment rates were higher than expected, consumer confidence had fallen, and companies were reporting layoffs were in order. The Federal Reserve chairman acknowledged the economy was in a recession. What actions might the federal government take to give the economy a boost? What is this policy called?
Clear Limited produces Plasma TV and distributes to retailers under her own house brand. Recent trend in market seems to favour adoption of TV using either LED technology.
Consider an economy in which a monopolistic firm serves two identical, but separate markets, what is the total amount produced by the monopolist in equilibrium?
assume that a profit maximizing monopolist faces an inverse demand function give by p. where py0 and a total cost
A) What is the real value of output (Q) Now assume that the Fed increase the money supply by 10 percent and velocity unchanged. B) If the price level remains constant, by how much will real output increase
Illustrate the impact of food stamps worth $100 compared to a $100 cash transfer on Joe's budget set b. Starting this month, Joe would receive food stamps worth $100 per month. How much more food would he buy this month if food on average costs $2..
Farmer Bean is selling green beans in a purely competitive market. His output is $1,400 units, of which each has a marginal revenue of $2.50. What is his average revenue?
1. two homeowners indexed by a and b possess the following demand curves for the consumption of landscaping water.
Describe the major characteristics of monopolistic competition and oligopoly.
Estimates of the maximum amounts of output possible with different combinations of two input factors, X and Y.
Using aggregate demand, short run aggregate supply, and long run aggregate supply curves, describe the process through which each government policies will move economy from one long run macroeconomic equilibruium to another.
in class we covered the concepts of producers and consumers surplus.a. with respect to different government policies
Assume you can only consume good X and Y out of abudget of $120. Your utility function is U = ln(X)+ln(Y ).
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