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Over a nine year period in the 16th century, King Henry the 8th reduced the silver content of the British pound to one-sixth its initial value. Why do you think he would do so? What do you think happened to the use of pounds as a means of payment? If you held the old and new pounds, which would you use first, and why?
Assume that instead of maximizing profit, the firm wants to maximize total revenue. Using algebra determine the optimal output, price, profit and revenue for the firm.
can the united states continue to run current account deficits indefinitely? since in the long term the obvious answer
Suppose that a profit maximizing companies short run cost is TC=700+60Q. If the demand curve P=300-15Q, which of these options should it do in short run?
Evaluate the money multiplier? The central bank decides to increase the money supply (M1) by $200 million through an open market operation. How much should it buy in bonds?
question 1define the concept of opportunity cost in your own words. given an example from your own life of the
assume that from the initial consumer equilibrium position price of good x falls while price of good y remains the
When the CR = 80%, is the market efficient when the market behavior follows the price leadership model?
offshore petroleums fixed costs are 2500000. selling price per barrel of oil is 18 and variable costs per barrel are
Discuss how the "tale of two auto plants" in the opening article shows how the choices facing a firm marking a long-run decision on plant location are much greater than those for a firm with a plant already in operation.
How has the housing market crash affected urban sprawl and what do you think is the greatest problem facing the suburbs, especially if it is a growing area?
assume that country a has a population of 500000 and only produces one good cars. country a produces 100000 cars per
explain the creation of money from excess reserves and the multiple deposit expansion in the banking system. how does
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