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A popular magazine reports that wrist watches are becoming the highest fashion craze. What affect will this have on the demand for watches, and what will happen to the price and quantity of watches sold on the market?
Assume that the Fed is needs to keep the inflation rate so provide an anchor for inflation expectations.
a. If Blutarsky only cares about the total amount of alcohol in his basket, what is his marginal rate of substitution of bottles of vodka for six? packs of beer? b. Write out a utility function to represent these preferences.
What is the "current macroeconomic situation" in the U.S. as of 2013 (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.) What fiscal policies and monetary policies would be appropriate at this time
Someone claims that under efficiency wage models "if the wage rate increases in a market with heterogeneous workers then we will have a shift in the labor demand curve, and not a movement along the curve". Do you thin..
Expalin why is private property, and the protection of property rights, so critical to the sucess of the market system.
Using graphs, describe the economic impacts of a tariff on a nation welfare, and show how a tariff would affect the current equilibrium value and quantity and import levels within a market.
Illustrate what are some of the considerations in term of opportunity costs that you would have to include in arriving at your decision?
Discuss and explain the reasons why net income for a particular period does not necessarily reflect a firm's cash flow during that same period.
Elucidate how the following factors will influence India's ability to compete in a highly competitive, rapidly changing global market place.
Explain why is it wiser for the government to put a sales tax on a good that is demand inelastic than on one that is demand elastic.
Suppose you are manager of customer service department at a bank and you want to hire customer service representatives for a newly opened bank branch.
Last month, Rick's Bike Shop, Inc. increased the price on the 22-ounce can of Camp A bearing grease by 4.5 percent. In response, sales dropped by 9 percent. A) Calculate the point price elasticity of demand for Camp A bearing grease. B) Calculate..
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