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What will happen in the market for smart phones if the price of flash memory chips used in manufacturing smart phones decreases?
The market supply and demand conditions are given as follows. The individual demand is d: p = 20 - 10q. Also there are 20 identical firms, each firm's marginal cost is, MC(q) = 5 + 5q. There are 10
Discuss how does a ban on price discrimination affect the, consumer surplus, producer surplus and the social welfare? Explain by the
One-month treasury bills with a $10,000 face value are currently selling for the $9,992.20; 3-month bankers' acceptances are yielding 1.20%;
Explain how an open market sale of T-Bills, carried out by the central bank that affects the interest rates, the banking system and the real economic activity.
The sources of growth, is exogenous usually "technology" in the neoclassical growth models. Such theoretical models hence are able to discuss how an economy grows.
Nelly's preferences among the consumption this year, and the consumption next year, are given by the utility function. She is endowed with income of $11,000 in period 1 and $4,000 in period 0.
Drawing on what you read in this unit about Mexican coffee crisis, find out another commodity that is or has been impacted by the global market regulations and changes.
Discuss who has the comparative advantage in forming each good. The specific calculations of opportunity cost should be part of your explanation.
Where Ps is the average price of soda, P is the average price of orange juice, T is the average daily high temperature Y is disposal income per household, , PL is the average price of unskilled labo
Assume that we commence with short term interest rates in the US and Canada being equal, and assume that both countries are enjoying a rate of inflation of 0%.
Identify the demand price when the level of production is x=10units. A manufacturer determines that the supply function for x units of a particular commodity is S(x) =In (x+2) and the corresponding
Write down a 2-page paper describing how trade, the specialization and the comparative advantages can aid in improving the efficiency of firms, individuals, and/or countries.
Does the change in the CPI between year 1 and 2 overstate, understate or correctly state the change in the cost of living?
A toy manufacturer introduced a new toy truck that was a huge success in last year. The company invested $2.5 million for a plastic injection molding machine and $100,000 in plastic injection molds
For example, most medical doctors spend years learning to practice medicine. Probably the most important source of capital is human capital.
Determine the factors that underlie a nation's decision to allow its currency to be measured by the free market forces or to be fixed against some standard of value?
John and Paul are working on a project for which they will receive the same grade. If Paul puts in x units of effort and John puts in y units of effort their grade will be equal to the higher of the
Suppose a monopolist faces a market demand curve P = 100 - 2Q and has the short-run total cost function C = 640 + 20Q. How would this affect total welfare if the government imposed a maximum price o
Determine how many ads will the clubs want to purchase as a group if each of 50 golf clubs in the Niagara Region has a demand for generic advertising of Q = 200 - P. Ads cost $3000 each.
Assume that educe and price are exogenous. If β1, β2, γ1, γ2 and γ3 are all different from zero, which equation is identified? Where price is a local price index for alco
What would the slopes have to look like for a consumer to pay the whole amount of an excise tax equal to exactly the cost of the tax instead of splitting it with a producer on a supply and
Illustrate the demand curve for x with Px on the vertical axis and x on the horizontal axis. Determine the income and substitution effects (with respect to x) when the price of x decreases from 0.5 to
Discuss what actions, if any, could the government take to increase competition in the pharmaceutical industry? Explain, would government intervention improve market outcomes?
Suppose that the U.S. population has been growing at 3% per year, but at the beginning of 2015, the growth rate falls to 1.5% per year and remains there until 2022. Explain what will the population