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Suppose there are two countries that are identical with the following exception. The saving rate in country A is less than the saving rate in country b. Given this information, we know that in the lon
Purpose the market demand curve for a product
What does the sharing economy mean to you? What are the benefits of living in a sharing economy? What is a potential downside? Have you had any personal experience with the sharing economy? W
If current output is such that marginal cost exceeds marginal benefit, should more or less resources be allocated to this product?
Draw a graph how hot weather affects the market equilibrium pice and quantity of gas - during the Summer of 2012 the US experienced record hot temperatures.
Describe the analogies used by Kao Tzu and Mencius to express their differing views on the nature of being human. Then, create an analogy of your own that you think accurately reflects what it mea
Suppose that the economy is thought to be 2 percent above potential (that is, the output gap is 2 percent) when potential output grows 4 percent per year. Suppose also that the Fed is following t
Suppose the consumption function is: C = a1 Yd + a2 WRE/S + a3CC Where all the a's (the sensitivity parameters) are greater than zero. Initial conditions: Let a1 = 0.60, a2 = 0.04, a3 = .5, WRE/S
Howard Bowen is a large-scale cotton farmer. The land and machinery he owns has a current market value of $4 million. Bowen owes his local bank $3 million. Last year Bowen sold $5 million worth o
Is housing in this town a(n) normal or inferior good? Explain?
Evaluate whether each of the following statements is true or false. Explain your answer and provide supporting rationale.
What is the optimal level of pollution reduction
What aspects would you consider in preparation for her discharge and what can you tell her about Validation therapy? Give an example (either a conversation or situation) of when she can use this tech
Describe in words how a corner solution to the consumer's utility maximization problem differs from a conventional solution. Illustrate this description with an appropriate indifference curve diagra
The equation is estimated using quarterly data on new boat sales in the county from the 3rd quarter of 2001 to the 4th quarter of 2007 (t = 1,…,26). The variable D is a dummy variable for the s
An explanation about Marshallian money graph. Consider the case of two goods: Marshallian money y and good x. Let y be the numeraire good, so the price of y is py = 1. Let Px denote the price of
What is the least costly way for the firm to produce 80 units?
Models of Bond Pricing Models of Bond Pricing
What should be the loads assigned to Processes R and T if demand for the product is 5,500 units?
Method in which Herb could use a cost-benefit analysis to argue for or against an expansion
Explain what is different between firms in monopolistic competition and firms in oligopoly. What does this difference mean for prices and quantities and for economic profit?
Immigration is a fact of life in the United States. This will lead to a big boost in the labor supply. What field would you rather be in: A field where the demand for your kind of labor is elastic o
George has been selling 5,000 T-shirts per month for $8.50. When he increased the price to $9.50 he sold only 4,000 T-shirts. What is the demand elasticity? If his marginal cost is $4 per shirt,
The Federal Income Tax Base and Policy Alternatives
a. Profits earned by Ford Motor Company in 2012 on automobile production in Ireland