Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Solved Assignments
Asked Questions
Answered Questions
Graph the information for consumption(C) and the consumption and investment(C-I) schedule. Show the equilibrium point
The postwar U.S. economy data shows that the long-run annual growth rate of output is 3.2%, the long-run annual growth rate of money stock is 5.3%, and the nominal interest is 5.8 (a) Find the inflati
If a bond dealer bought a $100,000 municipal bond at 92% of par and sold it at 96% of par, how much money did the dealer make on the bid-ask spread?
Discuss the relationship between inflation and interest rate. Do an international relationship exist, yes no HOW?
At what level of employment would diminishing returns set in for the variable input?
Give two examples of policies from recent history that can be considered as keynesian intervention to economy by us government. Briefly explain how the changed role that keynesian theory ascribed to g
Assume consumers expect a recession to begin in the next few months. They might react by trying to save more in case they are laid-off or have to work reduced hours
If we had a PPF with the goods oil and lumber, how would be measure the MC of oil between points A and B ?
Firm ‘A’ can make either 500 flashlights or 2000 batteries.Firm ‘B’ can make either 650 flashlights or 1500 batteries.
Sometimes when the citrus crop freezes in California or Flordia, the media report that even though there are fewer fruit available for consumers, "the total value of the crop has increased," or words
What is a budget constraint? How does a budget constraint explain consumer choices when used in conjunction with indifference curves? Explain what happens if a household looses half of their income, u
Studies indicate that the price elasticity of demand for cigarettes is about -0.4.If a pack of cigarettes currently costs $2.0 and the government wants to reduce smoking by 20%, by how much should it
Suppose that an individual with income I cares about two goods, X and Y. The price of the two goods is Px and Py. The individual has the following utility function:
If the price of a good increases by 8% and the quantity demanded decreases by 12%, what is the price elasticity of demand?is it elastic, inelastic or unitary elastic?
If the cost function for John's Shoe Repair is C(q) = 100+10q-q^2+(1/3)q^3, what is the firm's marginal cost function? What is its profit maximizing condition if the market price is p? What is its sup
Assume the only choice variable is x. The total benefit function is B(x) =170x - x2 and the cost function is C(x) = 100 - 10x + 2x2
GDP does not include the value of used goods that are resold. Why would including such transactions make GDP a less informative measure of economic well-being?
The government purchases component of GDP does not include spending on transfer payments such as Social Security. Thinking about the definition of GDP, explain why transfer payments are excluded.
Give some examples of how firms in the pure monopoly or near pure monopoly business structure are able to increase profits through price discrimination.
At the profit maximizing outputrate, what are the monopolist's average total cost and averagerevenue?
Assume that the reserve requirement is 5%. All other things equal, will the money supply expand more if the Federal Reserve busy $2,000 worth of bonds or if someone deposits in a bank $2,000 that he h
It is May 1. You have just bought $2000 worth of furniture. You will pay for it in 24 equal monthly payments starting at the end of May next year. Interest is 6% nominal per year, compounded monthly.
Suppose foreigners spend $7 billion on U.S exports in a specific year and Americans spend $5 billion on imports from abroad in the same year, what is the amount of the United States net exports?
The demand for illegal drugs is inelastic. Much of the expenditure on illegal drugs comes from crime. Assuming these statements to be correct, What is the most effective way of decreasing the quantity