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If you could please explain and solve these it would be appreciated:
Q1: draw a supply and demand graph where the demand curve is more inelastic than the supply curve. Who would pay (carry the majority of the tax incidence) the majority of any tax created in this market.
Q2: draw a graph showing the long run equilibrium for perfect competition.
draw a graph showing a long run equilibrium for monopolistic competition.
Q4: if both markets (in Q2 and 3) had the same cost curve what can you conclude about cost of production, price and output?
Holding the job vacancy rate constant, what is the average unemploy- ment rate in the period beginning in the fourth quarter of 1966? Is it statistically different from the period before 1966 fourth quarter? How do you know?
what are regional trading blocs? what are the three largest regional trading blocs? what countries are members of each
suppose there are two states that do not trade iowa and nebraska. each state produces the same two goods corn and
Use method One and find a natural exponential function M1t = ceβ t for the US money supply and Use the model and estimate the US money supply for months of August and September of 2012.
Some experts have suggested that of the total electricity consumed in the United States, 8 percent is used up by the internet. Thus an increased demand by consumers to surf the internet will the equilibrum price of electricity and the equilibrium ..
Define the opportunity cost of getting your degree by analyzing what steps and economic factors a potential student must make when choosing to pursue an education.
the price level and the money supply over the business cycle both in terms of correlation, magnitude and lead vs lag. Give the economic intuition of the results on consumption, investment, productivity, wages and price levels.
for each question find the area to the right of the given z-score in a standard normal distribution. in this question
The League of Big States (LBS) has in?ation expectations of 5% and an estimated natural rate of unemployment of 5%. A 2% rise (fall) in unemployment leads to a 1% fall (increase) in in?ation. What is in?ation when unemployment equals 5%?
Outline a plan that managers in the low-calorie, frozen microwaveable food company could follow in anticipation of raising prices when selecting pricing strategies for making their products response to a change in price less elastic.
Describe a situation in which autocorrelation might be present and which of the three methods of detecting autocorrelation you would leverage. Explain your rationale.Describe what remedial measure you would take to address autocorrelation if it were ..
What is the equilibrium wage?
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