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Please post an article about why the oil prices decreased in the last couple of years. You should write a short paragraph explaining what you found interesting in the article using tools from microeconomics such as supply, demand, elasticity, oligopoly, coalitions, cartels, game theory, etc.
You purchase a very small 1-bedroom apartment in New York for $1,000,000. You obtain a mortgage with a fixed monthly interest rate, ic = 0.42%/month. You can pay this loan off with a fixed monthly payment of M1, or you can pay a linearly increasing p..
The newly privatized entities often have little incentive to restructure their operations to become more efficient when _____.
An increase in the supply of money in an economy could be caused by (choose all that apply): a. an increase in the discount rate. b. a decrease in the discount rate. c. an increase in the required reserve ratio. d. a decrease in the required reserve ..
Which of the following events would unambiguously cause a decrease in the equilibrium price of computers?
Define yield, load factor, revenue, and profit. Explain the interaction between these 4 variables (for example, if an airline raises prices in an attempt to increase revenue, what is the likely effect on yield?).
q. two companies a as well as b are duopolists that produce identical products. demand as well as for the products is
If you were personally responsible for implementing a particular marketing strategy, which implementation approach would you be most comfortable using, given your personality and personal preferences? Why? Would your chosen approach be universally ap..
Crowding out occurs when
Suppose that the United States and Canada can each produce two products: lumber and beef. Create a table like the one below, showing labor requirements per unit of output for each country. How do you calculate absolute advantage? In what output(s) do..
Discuss which of the 10 surprising facts about money impacts
Holding other things constant, an appreciation of a nation’s currency causes. Holding other things constant, an increase in a nation’s interest rate reduces.
Fassbender Widgets, Inc. has opened a new widget factory next to Lake Dunn. In the production of widgets, WWI dumps 5 thousand gallons of a pollutant, red dye #308, into the lake. The pollutant reduces the fish population and results in a loss to tho..
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