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Using the following information, which of the industries described are perfectly competitive? Check the perfectly competitive market characteristics each industry possessed and determine whether it is a perfectly competitive industry.
Explain how the adjustment of inflation works to return the output gap to zero. What happens to the real interest rate?
Disposable income will increase by the amount of the tax and consumption at each level of GDP will decline by the amount of the tax multiplied by the MPC.
Assume that demand for a commodity is represented by the equation P = 10 - 0.2 Q d, and supply by the equation P = 2 + 0.2 Qs where Qd and Q s are quantity demanded and quantity supplied, respectively, and P is the Price.
What is the optimal bid-ask spread?
Suppose that the government is committed to providing welfare eligibility to every family below the poverty line. If this government wishes to keep total spending to a minimum, which of the two views should it support?
Consider the model of demand deposits described in class. Suppose N=900,y=10,v^k-?=0.9,and X=1.2. Let each person have a two-thirds chance of being a type 1 and a one-third chance of being a type 2.v^k is price of capital
A day is described as "normal" if the temperature during that day ranges within one standard deviation from the mean. What would be the temperature range for a normal day if temperature were expressed in degrees Fahrenheit?
Run the appropriate regression to estimate the average variable cost function (AVC) for Sting Rays. Evaluate the statistical significance of the three estimated parameters using a significance level of 5 percent. Be sure to comment on the algebraic ..
What three properties do the preferences of the representative consumer have? Explain the importance of each.
The income elasticities of demand for movies, dental ser- vices, and clothing have been estimated to be 13.4, 11, and 1.5, respectively. Interpret these coefficients. What does it mean if an income elasticity coefficient is negative
The Macroeconomic Paper tests your ability to apply economic principles to a business decision considering the impact of macroeconomic variables.
Tarass Inc. is an accrual-method calendar-year corporation. Tarass, Inc. did not qualify for the domestic production activities deduction. The following information has been provided about the activities occurring in 2013: Life insurance proceeds ..
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