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Interest is said to be compounded when you earn interest on whatever interest has already been paid; most interest rates quoted today are compounded.
What would be the effect on the demand for money (M1) of each of the following (with other things held equal)? A rise in the interest rate on savings accounts and Treasury securities.
Explain how industrial regulation affects the market. Explain the entities affected by industrial regulation in terms of market structure.
C = 100 + 0.9 Y I = 50 a). What is the value of marginal propensity to consume (MPC) in this model? The marginal propensity to save (MPS)?
If price drops such that quantity increases from the one in a), by one very small amount, would total revenue be higher?
What can you conclude about the structure of the industry in which this firm is operating? Why do the demand curve and marginal revenue curve have the same shape?
In a competitive industry in the long-run, it is likely that Firms with the advantage of location or an especially skilled work crew will be the lone survivors in equilibrium.
Calculate the competitive market-clearing price. What is the deadweight loss in both markets if the price of a crate of fresh oranges is raised to $200.
Same number of hours elsewhere at a job he liked equally well, he estimates that he could make $20,000 a year. No one else can be hired to work in the store. Suppose that the store owner gave Joe th
If the price of a bushel of apples is $80, how many bushels will Lilly produce? Is this a long-run equilibrium? If not, what will be the price of a bushel of apples in the long run? Show your work.
Netflix indicates that its growth strategy is to "focus on subscription growth in order to realize economies of scale." In this business, where do you think scale economies come from?
Calculate the profit-maximizing level of price and output if Phillips is required to charge the same price per unit in each market. What are Phillips's profits under this condition?
Increasing returns to scale refers to a situation where an increase in a firm's scale of production leads to higher costs per unit produced.
What is the diamonds-water paradox, and how is it explained? Use the same reasoning to explain why bottled water costs so much more than tap water.
Suppose that marginal utility of Good X = 100, the price of X is $10 per unit, and the price of Y is $5. Assuming that the consumer is in equilibrium and is consuming both X and Y, what must the ma
What impact would an increase in the monthly premium have on their consumer surplus or economic well being? What would be the impact of a reduction in copayments?
Construct a four-to-five page APA format paper based on the above issues. Use two external sources and demonstrate your understanding of the concepts by providing a graph of each effect as a figure
Why Indifference curves are downward sloping? If a country's growth is biased in favor of its import, this should unequivocally improve its terms of trade and its economic welfare. Use a graph to ex
Consider a simple Keynesian income-spending model of an economy described by the following equations. Calculate the equilibrium level of income. Sketch this equilibrium position using a two-dimensiona
The amount of a product that consumers buy because it keeps the price below the competitive market equilibrium. Do you agree with the student's reasoning?
Suppose anna can either wash 12 cars or wax 4 cars perday and bob can either wash 6 cars or wax 3 cars per daywhat is the opportunity cost for doing each task for anna and bob?
Now assume that income is RM70. What is the price elasticity at P = 8? Also, calculate arc elasticity at the interval between P=7 and P= 8.
Given and elasticity of demand of -2, determine a new price which will cause sales of corn to rise from 250 to 500 bushels per week.