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The production possibilities frontiers in the figure to the right show how many bananas and coconuts you? (Y) and your neighbor? (N) can consume without trade. Suppose you are initially consuming 10 bananas and 4 coconuts and your neighbor is initially consuming 10 bananas and 4 coconuts. ?Now, suppose you and your neighbor specialize by each only producing the good for which you have a comparative advantage. You give your neighbor half of your production for half of what he produces. ?(Enter all responses as? integers.) If you trade with your? neighbor, then you will have (?) additional? coconut(s) after the trade and (?) additional? banana(s). At the same? time, your neighbor will be able to consume (?) additional? banana(s) and will be (worse off/better off) as a result of trade.
Which can grow the economy and supply jobs faster: tax cuts or government spending? Discuss the effects of these policies in the short run and long run using Keynesian model.
If the amount you owe on your house is greater than the price of the house, you have
Should the firm produce? The firm should produce as long as the market price >= Average Variable Cost (AVC).
Kris borrows some money in her senior year ti buy a new car. The car dealership allows her to defer payments for 12 months, and Kris makes 48 end-of-month payments thereafter. If the original note loan) is for $28,000 and interest is 0.5% per month o..
Under oligopoly if one firm in an industry significantly increases advertising expenditures in order to capture a greater market share, it is most likely that other firms in that industry.
Identify what FIDO stands for and how 3M puts FIDO into practice. Assess whether FIDO’s approach could work for other companies or if it is unique to 3M and the products they produce. Write three pages on whether 3M’s specific practice of hiring loca..
Consider an industry in which two types of managers run firms, Genius and Ordinary. There is a fixed supply of 100 genius managers, whereas there is unlimited supply of ordinary managers. Both types of managers are willing to work for a salary of $14..
Suppose that a manufacturer is a monopolist in selling some product to a number of competitive retailers at wholesale price w. The manufacturer has marginal cost of $10 per unit. What is the market equilibrium retail price p? What is the profit-maxim..
Discuss your view about the modern bureaucracy, particularly regarding the size of the bureaucracy, its role in daily public life, and characteristics of the civil service workforce. In particular, discuss whether it should be easier to hire and term..
Design an experiment. Select an independent variable and a dependent variable. What are some possible extraneous variables that may cause problems? Explain how you would control for the effects these variables may have on your dependent variable. Is ..
If the gini coefficient falls from .40 to .20
If the total deposits of the banking system are $400 billion, how much money could these reserves support if the required reserve ratio is 0.20, banks hold no excess reserves.
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