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What factors determine the demand, say, for British pounds in foreign exchange markets? How are exchange rates determined under a flexible exchange rate system?
Assume that, in a competitive market, long run supply and demand is more elastic than short run supply and demand. Suppose that the government imposes a transactions tax in this market. In the long run, the tax will collect [less/more] revenue and ca..
Citizens can protect themselves in the case of robberies or harm by using these guns. Other states do not allow citizens to carry handguns
Compute the standard deviation of the return as a percentage over the coming year c) If the risk-free return is 7%, what is the risk free premium for a stock market investment?
Consider an initial stock of 5000 tons of high grade ore. The demand function for this ore is P = 2400 – 0.2Q (Q is measured in tons/year), and the cost of extraction is constant at c = $200/ton. The discount rate is r = 0.10. Using a discount rate o..
If the price elasticity of a good is less than 0 but greater than -1, the good is considered _____________ and the company should ____________ price to maximize total revenue.
Starting with the estimated demand function for Chevrolets given in problem suppose the average value of the independent variables
There are two players 1 and 2. re are two cards: "High" and "Low". Player 1 chooses at random one card. Write a strategic form also find optimal strategy of player.
q1. the number of taxicabs in motorville and the taxicab fares are regulated. the fare currently charged is 5 a ride.
fundamental economic concepts please respond to the followinganswer the following discussions based on the katrinas
The following are different types of production function. Determine whether each one has constant, increasing or decreasing returns to scale. a. Q=20L+20K+50 b. Q=30L²+25K² C. Q=40L+20K+10LK d. Q=25L0.4K0.8 e. Q=20L0.3K0.6M0.2
Identify the four major tools of monetary policy. Describe how a change in the Fed’s major policy tools leads to [1] expansionary and [2] restrictive or contraction monetary policies.
Illustrate what happens to your tax bill and to your average and marginal tax rates if your income rises to $40,000.
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