Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Active Tutors
Asked Questions
Answered Questions
Pays interest at the market interest rate of 4 percent. Is it correct to say that the cost to Mary of living in her house is less than the cost to John? Why or why not?
MNLumber then sold the finished lumber to MNFurniture in April 2012 and MNFurniture sold all 100 tables during the rest of 2012. By how much did GDP increase in 2011 and 2012 due to these transactio
Explain how the economy can adjust in the long run to restore full-employment equilibrium. Draw a graph to illustrate this adjustment process.
Which two were present in the Manorial system? What are the three sections in the 3-Course Rotation? Why was this innovation necessary for growth during the middle ages?
What has happened to global economic inequality since 1960? Why? Characterize the progress in social measures (education and health) in impoverished nations.
Describe the North and Thomas model explaining the Neolithic Revolution. Specifically, use a graph to illustrate how population growth affected this change.
What is meant by technological stagnation in the Greek and Roman Empires? How could "an Overdose of Slavery" be the cause? List 2 flaws of the slavery explanation.
What can be said about the estimated slope coefficient for a regression of Y on X, versus the estimated slope coefficient for a regression of X on Y?
What marketing strategies should Radiance pursue in the next five years? Explain why the strategies you select would best fit the organization.
calculate the range, variance, and standard deviation for this data series. which measure does the best job of describing the dispersion in this variable?
GDP would have been higher, even though the amount of out-put would have been indentical. Why is this? Does this make sense?
Suppose the multiplier is 1.5 and the economy's real GDP is $5,000 billion. In which direction will the aggregate demand curve shift and by how much?
The gas station is about to increase the price to $3.85 per gallon. How many gallons of gas will be sold at this higher price?
Graph a linear (straight line) PPF for rice and toaster ovens for both South Korea and the U.S. What is the opportunity cost of producing one ton of rice for the U.S.?
If purchasing-power parity holds? If a monetary expansion caused all prices in Mexico to double, so that soda rose to. 24 pesos, what would happen to the peso-dollar exchange rate.
Design a model, where political candidates act strategically, that justi es the implementation of such a reservation system. Please include a diagram.
Graph the U = 9 indifference curve associated with this utility function. Develop a general expression for the MRS of this utility function.
Find the market equilibrium price and quantity. Is the resulting allocation efficient? Explain. (In this setting, define "efficiency" to mean that there's no alternative allocation or set of trades.
If both papers are correct, then this phenomenon is an apparent violation of the law of supply and demand. Explain the (True, false or uncertain) with the reason of the answer.
Despite increases in population and income growth that expanded demand for housing, the rice of existing houses barely increased. Why? Illustrate your answer with supply and demand curves.
Suppose MPC is 0.8 initially. Households then change their behavior so that the MPC falls to 0.75. What happens to aggregate expenditures? Why?
For each of the following, explain whether it shifts the short-run aggregate supply curve, the long-run aggregate supply curve, or the aggregate demand curve.
Is the concept of "more is better" satisfied for both goods? Explain. Does the MRSC,M increase, decrease or remain constant as C increases? Explain.
Sketch two of Camille's indifference curves. Make sure all relevant pieces of information are identified in your diagram. In non-technical terms, what does the MRSX,Y for this utility function tells u
Is he maximizing his utility? Explain. If he is not , how can he increase his utility while keeping his total expenditure constant?