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Write an explanation of the short-run effect (including the determinant of AD or AS that is causing the shift, the line that shifts (AD or AS), the direction of the shift (left or right).
Evaluate the following statements using graphical analysis. when demand for home heating oil increases a shortage of heating oil will occur?
Supposed short run inverse demand in a monopolistically competitive market is represented. Given these demand and cost conditions, what price, output and profits result in the short run?
What is the demand elasticity? If his marginal cost is $4 per shirt, what is his desired markup and what is his initial actual markup? Was raising the price profitable?
Expian how the short-run Phillips curve, the long-run Phillips curve, the short-run aggregae supply curve, the long-run aggregate supply curve, and the natural rate hypothesis are all related.
Explain the tools used to pursue expansionary and contractionary fiscal policy. During which phases of the business cycle would each be appropriate?
The central bank increases the money supply. Graphically illustrate and explain short-run monetary non-neutrality and long-run monetary neutrality using the AD-AS model.
Why the need for instrumental variables arises and how authors have approached the problem. Make sure to include a discussion of overidentification, the validity of instruments.
How many popsicles will be sold/supplied each day in the short run if the price rises to $4 each? How many popsicles will be sold/supplied per day in the long run if the price rises to $4 each?
he could receive income of $80,000 by working elsewhere. The firm earns revenues of $210,000 per year. What are the annual accounting costs for the firm described above?
Assume that your business is visible and an important member of the community. Would the government encourage a decision to expand? How would it affect the reputation of the business?
what are maximum total earning the worker can earn in a day? The minimum? what is the price to the worker of consuming an additional hour of leisure?
Describe and calculate Project A's expected net present value (ENPV) and standard deviation (SD), assuming the discount rate (or risk-free interest rate) to be 8%.
What will be the effect on annual company profit if the company loses the business of Nuclear Systems (i.e., T1 test decrease by 1,750)?
Explain how discrimination can cause pay differentials between men and women in similar occupations. Explain how factors other than discrimination could affect relative wages.
If George has a logarithmic utility-of-wealth function and if his current wealth is $1,000,000, what must he believe the minimum probability that the Bulls will win is?
Describe a skimming price and a penetration price, and advise them whether they should charge a skimming price or a penetration price, with supportive reasoning for and against each pricing alternat
A worker who plans to move to another geographic area in 6 years, which would necessitate leaving his or her job? Explain.
Explain what occurs when a new technology makes another one obsolete in terms of economic profit. Consider firm A to be an existing firm using the old technology.
How did the Bretton Woods system operate? What caused its collapse? Some think the current system of managed but floating rates is too unstable. What would generate the instability?
What will be the behavior of Y as X tends to infinity. Give an example where such a model will be appropriate. Is this a linear regression model?
what combination of T and M will you choose? (b) suppose that the price of day trip rises to $80. How will this change your decision making?
Suppose a market consists of three consumers A,B and C whose demand fuction are given below. Find out the market demand function for commodity.
What is the meaning of the regression R2? What is the prediction for the height of a child whose parents have an average height of 70.06 inches? What is the interpretation of the SER here?
If only one side hires a lawyer, it can expect to wim three-quarters of the time. Diagram the simultaneous move game. What is the Nash Equilibrium of the game?