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Choose their teams at the end of any season. Do stars earn more than nonstars? How are the wages of each group determined?
Why do you believe Royalle Vending isn't increasing the price of bottled water as well? What sales data would provide evidence that your hypothesis is likely correct?
How much would Wyandotte have to reduce the price of polyol to achieve a 15% increase in the quantity sold? Evaluate the impact of such a price cut on (i) total revenue, (ii) total costs, (iii) total
Take some time to think about the ways in which your learning in this class relates to the real world. Has the knowledge you gained been valuable in helping you understand or evaluate events or poli
The saving curve shifts to the right and the investment curve shifts to the left, would the saving curve shifts more than the investment curve?
The demand for tobacco is price inelastic. Suppose there is a drought that destroys a large portion of the tobacco crop. What will happen in the market for tobacco?
"An increase in productivity with respect to any one good increases our options for producing and consuming all other goods." Which of the following best explains the meaning of that statement?
Each firm wishes to obtain the highest possible market share. Model this situation as a strategic game and and its Nash equilibrium (equilibria?). Find the best response functions. Find all Nash equ
Why would firms willingly create unemployment and how effective is this across various industries? How effective is fiscal policy in the Keynesian model.
Evaluate the following statement: "This decrease in marginal (home run per season) product led to an associated decrease in McGwire's average (home runs per season) product."
what is the marginal propensity to consume (MPC - the amount of additional consumption expenditure from an additional dollar's personal disposal income?
Discuss each of the main risk factors that should be allowed for in addition to WACC in order to determine the appropriate required return on this capital investment opportunity.
Lean Burger's drive through receives 20 customers in every ten minutes of business time between 12:00 - 1:00 PM. What is the probability that no customer arrives? What is the probability that 3 custom
If there were 2 million unemployed Theralanders and Theraland had a job-finding rate of 15% per month, how many people would lose jobs each month?
What's the main difference between New Institutional Economics and Old Institutional Economics? Illustrate the Malthusian model and explain where the Malthusian trap is. Give an example of a way to es
How do the GDP per capitas change after accounting for price indices? Why is it important to use price index adjustments? How do you use a price index adjust your nominal income?
Draw the economy's supply and demand for loanable funds. How does this policy affect the supply and demand for loanable funds? What happens to the equilibrium interest rate?
Identify at least one important Entrepreneur that you would consider an "Entrepreneurial Legend" and state why you consider the person to be (or have been) exemplary.
When businesses in the Macro Islands increased investment by $20 million to attract tourists, aggregate demand increased by $50 million. What is the MPC in the Macro Islands?
Given the initial conditions, find expression for consumption function and provide a completely labeled diagram. Please show all work.
Explain the variables you would include in the function. What is the expected relation between a change in each of these variables and short-run total variable costs?
The Ottawa Citizen cost $0.10 in 1970 and $0.50 in 1990. The average wage in manufacturing was $3.01 per hour in 1970 and $14.19 in 1990. By what percentage did the price of a newspaper rise?
Calculate the bank's excess reserves. Suppose that the bank sells $5 million in securities to get new cash. Draw up the bank's balance sheet after this transaction. What are the bank's excess reserv
Using short-run cost theory, explain the impact of this additional patient on the SAVC and SATC. Do they increase or decrease? Why?
The following table shows a tool and die company's quarterly sales for the current year. What sales would you predict for the first quarter of next year?