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1. Federal Reserve District Visit the Federal Reserve's Web site and select Monetary Policy. Website: www.federalreserve.gov Then click on Reports and then Beige Book to retrieve the summary report for current economic conditions by Federal Reserve District. Select the most current report. Then select the District where you live, have lived in the past, or where you are from originally (go to www.federalreserve.gov/otherfrb.htm to locate your district). In the subject of your post, please indicate which district you are writing about (e.g. Atlanta District). What are some highlights of the report regarding Retail Sales, Consumer Spending, Real Estate and Construction, Manufacturing, Labor and Prices, etc. during the most recent period? In your opinion, how did your district perform compared to other districts and the U.S. in general? Given the current state of the U.S. economy, what monetary policy changes would you suggest that would be beneficial to your district at this time and why?
Describe demand and marginal income curves faced by a industry in a purely competitive market. Are they different from those faced by a industry in oligopolistic competition.
Illustrate what is the market elasticity of demand. What is your elasticity of demand in this Cournot oligopoly.
Use a .01 level of significance to test if there is a difference in the mean production of the three assembly lines. Develop a 99% confidence interval for the difference in the means between Line B and Line C.
The president of your college believes that the cost of a college education is far too expensive for students to afford and has decided.
The market demand also supply functions for a raw chocolate are estimated.
Suppose that in an hour Chip can gather 8 pounds of fruit or 4 pounds of nuts. In an hour, Monk can gather 9 pounds of fruit or 3 pounds of nuts. Who should specialize in gathering nuts? Monk or Chip? both? or neither?
What would be price and profit levels would prevail based on the assumption that a new entry into the local market results in competitive market pricing.
If you were to learn about a bottle of gatorade increased in size from 2009 to 2010, should that information affect your calculation of the inflation rate. If so, how.
Illustrate what would happens to P* if there is a decrease in demand followed by an increase in supply followed by another decrease in demand.
Contrast two or three key economic factors for this country with the U.S. economy, and comment.
What is the impact of the trade surplus or trade deficit upon the interest rates and currency exchange rates.
On a single graph draw marginal cost curve, average total cost curve and average variable cost curve for a typical firm. Explain how area that represents profit or loss this firm will earn.
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