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Transportation providers often make round trips between a pair of cities, but the demand for transportation between the two cities is likely to differ. Show on a diagram how the equilibrium price of transportation in each direction is related to the cost of round trip and the demand for transportation in each direction.
What are the functions of the 12 Federal Reserve District Banks, which serve as "bankers' banks". List the tools used by the Federal Reserve to conduct monetary policy. How are the monetary tools used to stimulate the economy when unemployment is hig..
Utilizing the supply and demand model, explain what would happen to the supply curve during a drought. Also explain the affect on the price of water.
During the most recent recession General Motors and Chrysler lost huge sums of money in their operation (not counting government bailout money they could not assume they would get). How could they continue to operate at a loss
Google Books has a new feature that allows users to search for the historical use of specific words within the publications that have been digitalized. In the picture below I plot the employment of the terms Economics and Political Economy since t..
1. economic data has shown a relationship between inflation and unemployment rates. what is this relationship called?
Could a future advance in technology allow product ion beyond the current production possibilities curve? Could international trade allow a country to consume beyond its current production possibilities curve?
A small FCC-licensed commercial radio station
In "The Journal Of Economic Perspectives" published by the American Economic Association studied the concept of standard of living from 1800 to the present. They talk about health, birth rate, length of life, literacy, and politics.
It has been suggested that a profit maximizing firm should possess and master an information or knowledge set that includes among many things, the selling price of its output. Explain why this is necessary. Be specific.
a.) Lisa consumes only pizzas (P) and burritos (B). Her utility function is U=P^0.5 B^0.5. The price per pizza is $10 and the price per Burrito is $5. In equilibrium, Lisa consumes 4 pizzas. Using Lisa's utility function, calculate how many b..
Calculate the price elasticity of demand on the segment (arc) of the demand curve between the prices of $20 and $40(4) What is the price elasticity of supply calculated at the equilibrium calculated in part (2)? Is the supply of basketball coaching..
Calculate the monetary base and the banks reserve ratio. - Calculate the total money creation in the economy with the help of formula.
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