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What is the cost to a firm in an oligopoly that fails to take rivals’ actions into account? Suppose the firm operates along demand curve D1, shown below, as if no firms will follow its lead in p
What is the "current macroeconomic situation" (e.g. worrying about inflation and/or recession) in the U.S.? [2] What should the U.S. Congress and the Federal Reserve do about it?
Determine equation for aggregate planned expenditure in this economy.
Discuss, illustrate and offer objective critique to the following essay question:The six major theories of the Business Cycle and the professor's view of the forces behind the business cycle.
Why do people have a demand for money? What does the demand for money represent and what factors influence the demand for money? Please explain.
When borrowing money, what is the better gauge of our true cost of borrowing - the nominal rate of interest or the real rate of interest? Please explain.
What is expansionary monetary policy? Why does expansionary monetary policy have an expansionary effect on the economy (that is, why does it cause aggregate demand to increase)? Please explain.
Given that monetary policy has only a long term effect on an economy, central bankers should follow monetary rules rather than operate a more proactive policy approach as inflation targeting central b
For what values of X do both ? rms have a dominant strategy? What is the Nash equilibrium (or equilibria) in this case?
If every $1,000 increase in the real price of homes adds 5 cents to annual consumer spending, by how much did consumtion decline when homes fell by $ 2 trillion?
Under what conditions might gov’t intervention improve market outcome in a perfectly competitive industry? Discuss.
Suppose that at a price of $400, 300 tickets are demanded to fly from Ithaca to Los Angeles. Now the price rises to $600, and 280 tickets are demanded. Assuming the demand for tickets is linear, find
You are a manager in a perfectly competitive market. The price in your market is $14. Your total cost function is C(Q)= 10 + 4Q + .5q(squared). What is your max profit in the short run?
Explain why risk-neutral people can make a profit off both risk-averse and risk-seeking people. You must use original numerical examples and EV equations to demonstrate demonstrate your answer.
The rent for apartments in New York City has been rising sharply. Demand for apartments in New York City has been rising sharply as well. This is hard to explain because the law of demand says that&nb
Inverse demand for a monopolist's product is given by P=300-6Q while the monopolist's marginal cost is given by MC=3Q. What is the profit-maximizing price for this monopolist?
A monopolist faces demand P=400-4Qd and has constant marginal cost MC=80. If this monopolist engages in first-degree price discrimination, what would consumer surplus be?
Find the market price and total output level. How does the monopolist allocate its production between plant 1 and plant 2
Antilock brakes, airbags, and seatbelts increased the number of accidents while simultaneously decreasing the number of fatal accidents. Why does this happen?
Internalising the externality with an efficient corrective tax per unit of production
Is government intervention needed for our economy to run well? Why or why not? Please write a 2 page double spaced paper using APA formatting.
If a bank Keeps no excess resrve and no individual firms hold on to cash. If suddenly someone discovers $12M , in buried treasure.
If a sample of size 18 has a linear correlation coefficient of -0.50, is there significant reason to conclude that the linear correlation coefficient of the population is negative? Use α=0.001.
When the U.S. dollar appreciates, two things happen: aggregate demand shifts to the left, and aggregate supply shifts to the right. Why does aggregate supply shift to the right?