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An article in the Economist observed that there were "some perturbing parallels between the gold standard and the euro." What parallels are there between the gold standard and the euro? What would make these parallels perturbing?
What quantity, Q, should Banana Republic order, and what price P should it expect to charge? Illustrate the situation in a carefully labeled diagram, including the graphs of demand, marginal cost, marginal revenue, average total cost. Highlight the r..
In a market economy, who determines the price and quantity demanded of goods and services that are sold - Find the market demand curve
In a study of the effectiveness of "please don't litter" requests on supermarket fliers, Geller, Witmer, and Orebaugh (1976) found that the probability that a flier carrying a "do not litter" message would end up in the trash, if what people do wi..
As an alternative, a government may establish a budget category, funded by tax collections, for purchasing lands for public use. Is one approach more likely than the other to lead to a social optimum (i.e., be most consistent with consumer prefere..
Explain what is meant by "in-kind transfer" programs. Briefly outline the pros and cons associated with an in-kind transfer program
The Blue Dragon Restaurant is a new Chinese Restaurant in town. As the only Chinese restaurant in the area, it faces the following daily demand curve: Q = 800 - 40 P where Q is the number of meals it serves per day and P is the average price of its m..
1. a company borrowed 300000 cash from the bank by signing a 5-year 8 installment note. the present value factor for an
Compare and contrast the exchange rate systems - discuss advantages and disadvantages of each system and explain how exchange rates are determined under each system.
Given this information, what is the equilibrium price and equilibrium quantity of smart phones in this market? What is the value of consumer expenditure on smart phones given this initial information? What is the value of consumer surplus in the mar..
What is an efficiency wage? Why is it profitable for the firm to pay it when workers have better information about their productivity than firms do?
we have established a relationship between net capital outflow nco and the trade balance net exports. during this
Nonlegal seafoods (NS) sells its excellent clam chowder in boston, new york and washington. NS has estimated that the demands in these three markets are respectively QB = 10,000 - 1,000PB , QNY= 20,000 - 2,000 PNY , QW = 15,000 - 1,500 PW , where qua..
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