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Suppose you will write a 2-3-page paper (double-spaced, 1-inch margins) providing at least 1 example of how the government has overstepped biblical principles in some form of economic policy.
In the Pacific Northwest, Shrimp Galore, a shrimp harvesting business, has a 30-year loan on its shrimp harvesting boat. The annual loan payment is $25,000 and the boat has a market value that excee
Summarize the recent policy of the Federal Reserve concerning the level of interest rates and the reasons for this policy. Explain do you agree with this policy? Why or why not?
King Henry the 8th reduced the silver content of the British pound to one-sixth its initial value, over a nine year period in the 16th century. Why do you think he would do so?
Bumper crop of oranges in Florida last year drove down orange prices. That was enough to tempt some value-oriented customers: unit volume of frozen juices actually rose about 6% during the quarter."
Explain the current rate of unemployment and how rapidly has GDP grown during the past three quarters? Is the economic growth high enough to validate the Keynesian view? Explain in detail.
To maximize profit, a perfectly competitive firm will produce where MR = MC, but a monopoly and a monopolistically competitive firm will produce where price = ATC.
Suppose that a mysterious increase in bovine infertility decreases both the population of dairy cows and the population of beef cattle by 50 percent. Milk has an inelastic demand and beef h
Assume that my tastes for roses (x) and other goods (y) can be represented by the utility function u(x, y) = βxα + y , where the MUy = 1 and MUx = αβxα-1.
The ECON6351 Company was considering a price increase and wished to calculate the price elasticity of demand. A market researcher and an economist were hired to study demand.
What is likely to happen to interest rates, assuming the Federal government and firms compete for the same savers' dollars in the loan able funds market.
Assume a UAW labor contract with General Dynamics is being renegotiated. If you are an executive in charge of human resource issues at General Dynamics, would you be better off, some of the many iss
Monopoly is preferred to perfect competition due to its efficiency characteristics.Perfectly competitive producers do not need to consider how their output levels affect price.
Policymakers can respond to the inefficiency of monopoly behavior in four distinction ways, they can use antitrust laws to try to make the industry more competitive according to our text.
Suppose you have cable TV and using the electricity, have running water in your home or purchase a prescription drug that is not a generic.
Calculate this ratio and consider it the real world if a real word comparative advantage for Italy over Greece in olives is determined by a ratio of Italian exports of olives to Greek exports that
Calculate the comparative advantage according to the classical model. Discuss, Is the classical model's prediction of comparative advantage consistent with the comparative advantage in the real worl
Calculate the value of Google's beta. Use the past 36 months of returns. Try and use quantmod to download the T Bill data directly. If not, you can always download the data from another source and l
Suppose you are the manager of a firm that sells a "commodity" in a market that resembles perfect competition, and your cost function is C(Q) = 2Q + 3Q2.
Your response should begin by defining what a transaction is and the criteria required recording it and you should describe the posting process and the fundamental accounting equation for accounts,
Explain the difference among a change in demand and a change in quantity demanded in terms of causes and in how they appear graphically.
Explain under what conditions are coronet and Bertrand equilibrium the same? Suppose you may assume the market demand is p = a - bQ. Determine when firms are identical and different.
What happens to output and price in the Bertrand, Cornet and Stackelberg models if marginal costs increase by the 10 percent? The market demand is p = a-b Q and the marginal cost is constant across
Discuss, Is it possible for this consumer to have multiple utility maximizing bundles? If yes draw a possible indifference curves demonstrating this.