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Why are some answers on the graded quizzes and tests actually incorrect for Marcoeconomics?
Describe how much the consumer plans to spend in each year and how much she borrows or lends in the first year.
The market demand is p=50-Q. There are two firms who behave as Cournot duopolists. For simplicity assume the marginal cost is zero. solve for the equilibrium price and output. compare results with monopoly price and output
Utilize your general knowledge of equilibrium prices to explain why the previous interest rate is no longer sustainable.
As a newly hired Ford Motor Company executive it is important to understand what type of market structure and ownership align with Ford Motor Company.
Pat eats eggs and toast for breakfast and insists on having three pieces of toast for every two eggs he eats. Derive his utility function. If the price of eggs increases but we compensate Pat to make him just as "happy" as he was before the price cha..
The salesman is willing to cut the price by 10% if you pay cash. What is the interest rate you would pay by financing?
Becky has income of $1000 today and $500 tomorrow. Becky can lend and borrow at an interest rate of 10%. There is 5% ináation. Her preferences for intertemporal consumption are represented by the following utility function u(c1; c2) = minfc1; 2c2g. W..
Opponents of free trade often argue that trade must be restricted in order to save domestic jobs. As a free-trader, how would you counter this argument?
Provide an example of how the Theory of Consumer Choice has effected your own decision making process at some point
What is Social Insurance? Discus the importance of Social Importance?
Suppose that this year's money supply is $500 billion, nominal GDP is $10 trillion, and real GDP is $5 trillion. What is the price level? What is the velocity of money?
Apple has chosen to have the components for the iPhone manufactured by more than 30 companies around the world, as opposed to producing everything itself. Address the three basic economic questions: How does this choice determine what, how, and for w..
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