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How is consumer surplus defined and what does it attempt to measure? Suppose that a firm is able to perfectly price discriminate in a market. If a firm does this, what happens to consumer surplus in the market? Is price discrimination fair? Why or why not?
What do defenders of the market approach to environmental responsibilities state about the ability of economic markets to achieve a sound environmental policy?
The FED is more likely to use the discount rate and the open market operation for short-term money supply management rather than the reserve requirement. Why?
You decide to buy 1,300 shares of stock at a price of $86 and an initial margin of 75 percent. What is the maximum percentage decline in the stock before you will receive a margin call if the maintenance margin is 40 percent?
Which of the subsequent is a Keynesian conclusion about how adjustments occur in a recessionary gap?
Demand for good X has been estimated at Qxd = 12-3Px+4Py. Suppose that good X sells at $2 per unit and good Y sells at $1 per unit. Calculate the own price elasticity.
Identify a cultural practice that is considered acceptable in one country but is not acceptable in another. What are some cultural considerations that affect the resulting ethical perspectives in differing cultures?
Fair weather helps produce the best crop of peanuts in a decade. Which determinant of cumulative demand causes the change
The demand for good X has been estimated by QXd =12 - 3PX + 4PY. Suppose that good X sells at $2 per unit and good Y sells for $1 per unit. Calculate the own price elasticity. Please show steps.
How was African American military service in WWII similar to their service in earlier American wars? How did the "V for Victory" campaign highlight their differences? What role did African American nurses and pilots play in African American activism ..
what is the resulting outcome of the game? (b) Suppose now that dierent players obtain dierent shares (adding up to 1) when the majority vote is not passed. What happens in a SPNE then?
Your financial adviser recommends buying a 10-year bond with a face value of $1,000 and an annual coupon of $75. The current interest rate is 8 percent. What might you expect to pay for the bond (aside from brokerage fees)?
Entrepreneurship is a A. Distruptive B. Stabalizing force in an economy. True or False: Economic models cannot fully capture the dynamic process of competition, in particular, the discovery of new products and methods.
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