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If the interest rate is 5%, what is the present discounted value of receiving $100 in two years?
If the present discounted value of $100 received 3 years from now is $81.63, what is the interest rate?
Suppose a public referendum is being held on whether or not to levy a tax on cigarettes. Currently, the supply of cigarettes is given by Qs = -120 + 28P. You estimate the demand for cigarettes to be Qd = 200 - 4P. What is the price elasticity of dema..
would there be any automatic Stabilizers in government budget. Would re be any distinction between full-employment deficits and actual beget deficit.
What is the main reason why a tiger is near extinction but chickens are nowhere near extinction? When a negative externality is present in a market. When we say the cost of production is $50, what is meant according to economic principles? Consumers ..
There is currently a surplus of allowance at the price of zero. What must be true of the relative positions of the market demand and supply curves? Explain. If the EPA were to allow firms to use allowances to emit sulfur dioxide as they did in the pa..
Present a thorough analysis of the inverse relationship between inflation and unemployment reflected by the Phillips curve. Describe the importance of expectations and how they affect the actual relationship between the inflation rate and the unemplo..
One point made is that most demand curves are downward sloping. Can you think of any situation where an individual's demand curve for a product is upward sloping.
How many tickets to sell to maximize total welfare.
q1. suppose a competitive firm that is profit maximizing pays a wage of 750 per week and the price of its output is 15.
Which policy monetary or fiscal would be more appropriate to improve the situation. Explain your choice clearly using figures.
suppose demand and supply are given byqxd 7- 12px andqxs 14px-12bull determine the equilibrium price and quantitybull
There are two types of customers in a market for sheet metal. Let P represent the market price.
The gains from specialization and trade are based on comparative advantage, which reflects the relative opportunity cost. When countries specialize in producing goods and services for which they have comparative advantages, total production in the gl..
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