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You should note whether the scenario indicates a shift of the curve or movement along the curve. You are a supplier of widgets. The technology available to produce your product suddenly improves.
Using either a graph or table use two goods to construct a production possibilities curve. Why is efficiency lost at the extremes, as when substantially more of one good and very little of another is
What would make the curve expand or contract? Why is efficiency lost at the extremes, as when substantially more of one good and very little of another is produced?
Thus, we are comparing 2-good bundles. For instance (2.5 frames, 2 tires). How many of the following properties do the individual's preferences necessarily display?
Based solely on demand and supply, the fact that the arenas sell out around the country suggests that the price of $75 is?
How could Carson use interest rate swaps to reduce the exposure of its cost of debt to interest rate movements and what is a possible disadvantage of Carson using the interest rate swap hedge as opp
Sending households a check for $600 for each adult (and $300 per child). These checks were financed by borrowing. Would a Keynesian favor this action? Why or why not?
suppose that the percentage change in supply is 20%, the price elasticity of supply is 2 and the percentage change in the equilibrium price is 4%. What is the price elasticity of demand?
Sketch the regression model relating APPROVE to OBRAT in parts (iv) and (v). Starting with the model from part (iv), check for evidence of severe skewness in your non-binary control variables.
Does fiscal policy have a strong impact on aggregate demand? Did the shift of the federal budget from deficit to surplus during the 1990s weaken aggregate demand?
Graph the demand curve and the supply curve. What is the equilibrium wage and equilibrium number of gardeners hired?
Discuss what is the likely effect of this tax cut on wages, employment and tax revenues. What determines whether employers or employees will benefit the most from this tax cut?
What is the MRS Is this consumer at an optimum? If not at an optimum should the consumer buy more of the X good or more of the Y good?
Foreign workers make up roughly 90% of United Arab Emirates (UAE) population. If you compare UAE's GDP with its GNP, which is likely to be larger and why?
Subsidiaries that can help it hedge with foreign exchange derivatives. How could Carson use currency futures to hedge its position and what is the risk of hedging with currency futures?
Since this time last year is reported to be 1.7%. Therefore, elderly individuals who complain about the increasing cost of their medications have no real complaint. Discuss.
Virtually all of its funds are in the form of short-term deposits. Which of the following strategies would be most appropriate for this institution?
Draw a production possibilities frontier for guns and butter. Using the concept of opportunity cost, explain why it most likely has a bowed-out shape.
Will the substitution effect move you toward more or less consumption of coffee? Will the income effect move you toward more or less consumption of coffee?
Graph Paula's budget constraint and initial utility-maximizing choice, putting deli meals on the x-axis. Write down the equation for the budget constraint - what is its slope?
Applying this concept to technology and information today, what do we value? The price of an Apple laptop could cost twice as much as an equally equipped Dell laptop.
Probability ½ and -1 with probability ½. What is the (marginal) distribution of Y? What is the covariance between X and Y? What is the distribution of X conditional on Y?
Give examples of two consumer goods in your everyday life. One of the goods should be of higher demand than supply; the other good should show higher supply than demand. Examples may vary, i.e. fro
Before the game begins, an MSU fan offers you $100 for the ticket. Attending the game has a value of $75 to you. What is the opp cost of going to the game?