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How do you suppose this change would affect the economy? Think about the marginal propensities to consume of the young and the old
The authority's statistics show that the number of passengers riding buses decreased from 672,000 in 2011 to 623,000 in 2012. What is the arc elasticity for bus travel in Anytown?
Select as a case study any global economic event or events currently or recently covered in the news media and write a critical essay applying the concept points covered in any module (or modules) o
should you use the ordinary leasr squares method or the two stage least squares method for estimating industry demand for rutabagas? Explain.
If Willie travels 18,000 miles per year, which method of computation gives him the larger reimbursement? At what annual mileage do the two methods give the same reimbursement?
This is what is known as a "notch". Explain what is happening with Jane and how could we modify the system to eliminate the notch.
Suppose the point of tangency that characterizes long-run equilibrium for a monopolistically competitive firm occurs at Q1 units of output. This level of output, Q1?
Find the equilibrium price and quantity after the shift of the demand curve. Find the equilibrium price and quantity after the shift of the supply curve.
what is the value of a piece of land? Consider the following scenarios.a developer produces to turn the farm into a subdivision. Why might the developer be willing to pay a higher price than the pre
The benefit of cutting down a forest is $1 million now. the environmental cost of that harvest is $10/year forever. What is the opportunity cost associated with using the social discount rate in this
For each of the following combinations indicate what the economy gives up by selecting the combination and why the omitted policy cannot be achieved.
The long-run aggregate supply curve, and the natural rate hypothesis are all related. How do active and passive views of these concepts differ?
End of the year your account is worth $15,000. During the year the market return was 10 percent. Does this mean that the market is inefficient?
Calculate the constant debt-GDP ratio that the country can achieve if the country runs a primary budget deficit of 3%. Is this debt-GDP ratio stable.
Suppose that the only input used in the generation of solar energy is sunlight, which has a zero cost. The average total cost of producing electricity is: zero.
Imagine that you were the president of an emerging country that is trying to reduce the number of its imports. Explain one (1) protectionist policy that you would utilize to help domestic industry
The company has already deposited $20,000 in each of the last 5 years. How much must be deposited now in order for the fund to have $350,000 three years from now, if the fund grows at a rate of 15%
A design-build engineering firm completed a pipeline project. If the amount of money the company had invested was $6 million, what was the rate of return on the investment?
Explain why government regulation is or is not needed, citing the major reasons for government involvement in a market economy. Provide support for your explanation.
If the United States had the economic performance of China, what monetary policy actions would the Fed's most likely take. What actions might the People's Bank of China take to slow the economy?
Construct a single bottling plant in Phoenix, Arizona with a capacity of 40,000 cases per month, at a monthly fixed cost of $20,000 and a variable cost of $2.50 per case.
Government imposes a price floor of $120. Analyze the impact of this floor on price, quantity demanded and supplied. Would this price floor create a surplus or deficit of this product in the market.
Describe at least five techniques you might use to monitor competitors' strategies and actions ethically and inexpensively.
Dependency theory characterizes countries as being either in the center or on the periphery. Explain these two concepts. If this theory is correct, what are the implications for development strateg
Profits associated with polluting for Friedman Inc. are π = 40Q - 2Q2. How much pollution do you expect Friedman to produce in the absence of pollution regulation?