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What determines the housing price in Beijing? Is it too high or not? Why? (If the housing price in Beijing is too high, it because bubbles or just heavy demand). Your explaination should be clear and logical.
Digital technology, including new software developments is essential for many organizations to function in the modern world. Although there is a variety of technology available, there does not seem to be an industry standard. Select what you feel are..
Ely's preferences for bread and soup can be represented by the utility function U(S,B) = S(1 + B). For this utility function, MUS = 1 + B and MUB = S. Soup costs $1 per pint and bread costs $2 per ounce. Ely has $10 to spend. What is the formula for ..
Consider a market where demand is D: P = 24 – Q and supply is S: P = 2 + Q. 1. Equilibrium quantity Qe is a. 10 b. 11 c. 12 d. 13 2. Equilibrium price Pe is a. $11 b. $12 c. $13 d. $14 3. Consumer surplus CS is a. $50 b. $55 c. $60 d. $60.5 4. Produc..
Suppose that the price of product A decreases from $27 to $14 and, as a result, the quantity traded of A increases from 175 to 210, the quantity traded of B increases from 65 to 100 and the quantity traded of product C falls from 505 to 400. What is ..
To which category of U.S. GDP expenditure does each of the following correspond? Using any relevant information below, calculate GDP via the expenditure approach. Nominal GDP in Nowhereland in 2002 and 2003 increased from $4 trillion to $4.8 trillion..
Consider an industry in which all firms have identical technology given by a production function: q = min K α , L 1 − α 1/2 , where q is the level of output, α is some constant between 0 and 1, and K and L are two inputs. Describe the long-run equili..
Use a model of the money market to explain why changes in nominal or money GDP are associated with changes in interest rates.
Market that gives auctions, request for quote postings, and other features to firms that want to operate their own marketplace.
Contingency theories try to predict leadership efficiency. Common sense would tell us that not all traits or behaviors of leaders are positively related to effectiveness all of the time. Instead, whether a leader behavior is effective will depend on ..
The European Central Bank (ECB) has been known for setting strict inflation targets (in other words, the monetary policy has been oriented towards maintain price stability).
If you invest $300 in a stock, borrowing $240 of the $300 at 10 percent interest, and the stock price rises by 15 percent, what is the return on your investment?
Economists say that excess capacity in monopolistically competitive markets is "the cost to society of variety." What is the cost that economists are talking about, and why is this cost the result of having a variety of goods and services?
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