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Compute the compitieve equilibrium price and quantity. Illustrate a draft of supply and demand curves. Discuss the total value created in the market for swimming suits, if total value is in this mar
Evaluate the total cost, revenue approach to a profit maximization problem. Make a conclusion for the level of profit in the long run. Demonstrate the main condition of the profits maximization gra
Describe basic features of a purely competitive market for a pure competitive industry in do A that has consist of a large number of independent firm producing a standardized product.
Does society have an obligation to come to the aid of entrepreneurs who try but fail? Why or why not? The risk of failure is an inherent part of free enterprise. Also, discuss some ways you can min
Discuss the relationships between the Discount Rate, Prime Rate, the Fed Funds Rate, and the Treasury Bill Rate. Describe how each relates to monetary policy.
What motivated the producers of all the individual products in the store to make them and offer them for sale? Discuss how did the producers decide on the best combinations of resources to use? Who
Can you describe the practice of scalping tickets for major sporting events in terms of market shortages? How else might tickets be distributed?
Assume that each worker in the Home country can form the three cars or two TVs. Assume that Home has four workers.
Explain which country has an absolute advantage in the production of bicycles? Discuss which country has an absolute advantage in the production of snowboards?
Does the market for shared workspace likely possess characteristics of a perfectly competitive market? Explain. Recently, competitors of Plug and Play have been opening their own shared- workspace c
Discuss how much output should the firm produce in the short run? 2. Determine what price should the firm charge in the short run?
Find out some of the benefits and some of the costs to the host country from allowing a multinational corporation to locate in a country with a developing economy.
Explain some of the challenges associated with an economy transitioning from socialism to capitalism. The movement in the direction of a market-based system with freely determined prices, competiti
The inverse demand function in a market is given by P = 15 - Q , where P is price and Q is the aggregate quantity produced. The market has three identical firms with marginal and average costs of 3.
The state of NJ recently passed an increase in the minimum wage, discuss how will this impact wages and the quantity of labor?
Discuss how the revised expected future exchange rate influences the demand for U. S. dollars, or the supply of U. S. dollars, or both in the foreign exchange market.
Estimate this statement and explain why the Fed's primary policy goal is price stability. Unemployment is a more serious economic problem than inflation and it should be the focus of the Fed's mone
Charlie likes both bananas and apples. He consumes nothing else. Charlie consumes x1 bushels of apples per year and x2 bushels of bananas per year. Assume that Charlie's preference is represented in
Explain whether each of the following groups will be happy or unhappy if the US dollar depreciates.The People's Bank of China, which holds US government bonds.
Make sure to include the appropriate graph (starting with the initial equilibrium price and quantity) as well as who the potential winners and losers are (on the graph and an intuitive explanation),
If the government were to increase taxes on gasoline, discuss what will happen to the total government revenue? Why? What are you assuming about the elasticity of the demand curve of gasoline?
Investigate how firms in monopolistic competition differentiate their products or services to generate a market niche and gain more control over their pricing.
How elastic is the market from your point of view ( elastic vs. inelastic) if the value of elasticity is close to -1.25, do we speak about the supply or demand.
What determines the speed at which the IS curve shifts out over time if the permanent income is a weighted average of last period's and this period's income.
Explain the short-run effect on output, general price level, unemployment, and the interest rate with a substantial increase in the factor cost of production.