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Which of the following is an example of fiscal policy being used in the US?
Wonder bread is a normal good produced by the Wonder Bakery. Using clearly labeled Demand and Supply curves, show what will happen to the equilibrium price and quantity of Wonder bread in each of the
Suppose that instead of allowing the economy to proceed from the short-run to the long-run equilibrium, the government decides to maintain Y = Y2. Would the economy remain at point B? Explain your ans
Which, if any, of the following changes is likely to cause reported GDP (real and nominal) to increase when, in fact, total economic production is little changed?
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, mar
If the Fed's policy continued for several years, what would you expect to eventually happen to the economy? Explain while describing the shifts in aggregate supply and demand.
Background questions to answer: Where does NSW get most of its natural gas supplies from up to now? What is happening to total domestic gas production in Australia?
Using the criteria of efficiency, define the ways a market may fail and explain how government regulation can offset the problems caused by market failure.
Suppose the company initially has market power and acts as a monopolist. How many pills will the company sell and what price will it charge consumers?
Given your answer above, explain whether, all else equal, the supply of the IRP increases, decreases, or remains unchanged. Explain the reason for your answer and depict it on your graph above.
What is the market equilibrium price and quantity? 2. How much is the consumer surplus and the producer surplus?
Suppose that new entry decreased your demand elasticity from -2 to -3 (made demand more elastic). By how much should you adjuct your price of $10?
Suppose that Investment spending of 420 is added (I = 420). Find Ye1. • Then suppose that we find that ΔI = 40. Find Ye2.
If you were offered an outrageous compensation package to join a company that is laying off employees, declaring bankruptcy, and/or performing poorly overall, would you accept the position?
Suppose a company is producing 1000 units of bottled power drink priced at $5. It is using a manufacturing process with a fixed cost of $1450 and a variable cost of $2.75 per unit (AVC).
For a given price P =$5, AVC = 3 and FC =20000, what is the DOL if the manufacturer id producing 15000 units. Using the DOL value calculated above what is the profits for a 10% increase and a 10% decr
Suppose the marginal costs of production for a company is $6 at its current production levels. suppose the price elasticity of demand is constant at -2 between the prices of $10 to $15, if the current
The salary in Arizona has decreased by 3% over the last 3 months. During this time, the sale of Snickers chocolate bars has decreased by 2% and gas sales decreased by 1%.
Joshua is a true entrepreneur with businesses around the world. He makes world-renowned cakes and coordinating products. Now he has begun making clothing with a cake theme/inspiration. In addition, he
Most peaches are grown in Georgia. Today you heard that the relationship between the peach farmers and the pickers is going sour, and there will soon be no peaches available.
Find the adjuste balance due at maturity for a 90 day note of $12,000 at 13.9% ordinary interest if a partial payment of $6000 is made on the 60th day of the loan
What ideas and plans do you have about approaching each of the 3 main phases and related tasks? What are the pros and cons of PBL?
Calculate the equilibrium level of income or real GDP for this economy. What happens to equilibrium Y if Ig changes to 15? What does this outcome reveal about the size of the multiplier?
If you made $40,000 in 1980 and in 2010, what would your income status or wealth be in each time period?