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Determie what geopolitical events helped shape John Maynard Keynes theories and how did they shape the future of economic policy in the US and other Western countries?
Demonstrate how an increase in personal and federal income taxes ultimately affects Bank of Canada's balance sheet.
Can anyone discover how the Consumer Price Index (CPI), primary measure of inflation used through the government, is computed?
What do we mean when we refer to basic economic difficulties of what to manufacture, how to manufacture, and for whom to manufacture?
Compute the quantity supplied by each firm at prices of $1, $1.50, and $2. What is the minimum price necessary for each individual firm to supply output?
You're the manager of monopolistically competitive firm. The present demand curve you face is P=100-4Q. Your cost function is C(Q)=50+8.5Q2 (That's Q squared).
Airway Express has an evening flight from Los Angeles to New York with an average of 80 passengers and a return flight the next afternoon with an average of 50 passengers.
Give a brief summary of economic costs. In the short-run, why might a firm still operate even when there is a loss.
Suppose you manage an agency that provides Meals on Wheels to infirm elderly residents in the county. The agency operates three kitchens. Each kitchen is producing one-third of the total meals every day.
Describe and discuss why characteristics of the labor markets should result in the similar wage rate for all jobs requiring the similar level of abilities and skills?
A price floor is set by the government to protect the producer of the good to which price floor has been attached. There're two possible outcomes for market in price floor setting.
Company M and N compete for market and decide independently how much to advertise. Every one can expend either $10 million or $20 million on advertising.
In a practical sense, write your opinions on the effect a rule stating that university students must live in university dormitories would have on the price elasticity of demand for dormitory space.
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