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Assume that the supply of oil is inelastic. What is the effect of a tax by all countries on oil? Does it reduce oil consumption? Assume that only Switzerland imposes a tax on oil. What happens to world oil consumption? To Swiss oil consumption?
The following is data from 2010 for the tiny island nation of Papaya: money supply = 600 million; price level = 2.5; velocity of money = 4. Use the quantity theory of money to answer the following questions.
What is the probability that it will be detected by devices A or B or both? What is the probability that the system won't detect the intrusion?
An alumnus of WestVirginia University wishes to start an endowment that will providescholarship money of $40,000 per year beginning in year 5 andcontinuing indefinitely. The donor plans to give money nowand for each of the next 2 years.
Consider the partial equilibrium setting in which the market inverse demand is given by p(y)=90-2y. Consider that there is a representative firm whose cost function is given by c(y)=4y^2.
Derive the government expenditure and tax multiplier
i have two goods xb and xw for beer and wine and i need to draw the indifference map and determine the mrs. uxb xw min
Passengers using New York's MetroCard system must swipe the card at a rate between 10 and 40 inches per second, or else the card must be re-swiped through the card reader. Research shows that actual swipe rates by subway riders.
Test the hypothesis that R&D intensity does not change with sales against the alter-native that it does increase with sales. Do the test at the 5% and 10% levels.
Show, graphically, the short- and long-run effects of a monetary expansion when both exchange rates and prices are flexible and capital is perfectly mobile. What happens during the period of adjustment from the short to the long run?
What level of excess reserves does the bank now have?
What is the difference between a chance node and a decision node in a decision tree?
Elaine as senior partner can make a take-it-or-leave it offer to her junior partner John to undertake a project and split the profits of $10,000. She considers just two offers: an 80-20 split (favoring Elaine), or a 50-50 split.
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