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Which President has the higher Real Income? Is the U.S. President's (any of the Presidents) Salary too High or Low and how would to determine the answer to that question?
The demand function for an oligopolistic market is given by the equation, Q=180-4P. Derive the demand equation for the dominant oligopolist.
Explain what you would do and why. Make clear your assumptions, for example, about life expectancy, inflation, interest rates, and risk and your rate of discount.
If the market price of the product is $336, how much output should the firm produce in order to maximize profit? How much profit will this firm make?
Suppose firms' technology improves. How does this affect the marginal product for labour and the equilibrium real wage in the labour market (for a given upward sloping labour supply curve)?
Which of the following does the U.S. president appoint and the U.S. senate confirm? members of the Board of Governors and regional Federal Bank Presidents.
Describe the basic procedures involved in using risk-adjusted-discount rates (RADR's). How is this approach related to capital asset pricing model (CAPM)? How do risk classes enhance the use of RAD
Does the consumer pick a different bundle after these changes? If the bundle is different, how is it different? (It may help you to graph this problem out carefully, but it is not required for the a
Graph an example of rationing making a consumer better off, comparing the bundle they pick with rationing to the bundle they pick without rationing.
Ellie will cover her start-up expenses by cashing in a $20,000 certificate of deposit on which she was earning annual interest of $500. Ellie's annual implicit costs will equal?
Explain (don't just mention) what happens to the federal funds rate, the borrowed monetary base (i.e. discount loans) and the non-borrowed monetary base.
What is total profit? What information would you need in order to know whether the monopoly firm will shut down or continue producing in the short run?
Does our discussion of money's usefulness as a medium of exchange and unit of account suggest reasons why some currencies become vehicle currencies for foreign exchange transactions?
The largest economy capture most of any gain arising from the exchange due to the disparity of economic power between the two nations. Do you agree or disagree? Why or why not?
When the Fed auctions and loans reserves using the term auction facility, what determines the interest rate that will be charged for those reserves?
Suppose the government introduces a 10% income tax as a flat tax. How much more or less will Bob choose to work in response? What is the value of tax revenues collected?
How do fixed and floating exchange rates differ in their adjustments to shifts in the supply and demand for currencies? What are the advantages and disadvantages of fixed versus floating exchange r
The market inverse demand function is P = 150 - 2Q, and the firm's cost function is C(Q) = 4Q. Determine the firm's equilibrium price and corresponding profits.
If the price of Pepsi increases from $1.00 to $1.50 and as a result you buy 5 a week instead of 10 Pepsis. Calculate the elasticity of Demand.
How much will your firm's total revenues (revenues from both products) change if you increase the price of good X by 2 percent?
Compute the employment rate (i.e., number employed/population) each year. How can the employment rate rise when the unemployment rate is constant?
Compute the infinite sum of the stream of profits made by FORD assuming that only FORD deviates from the collusive price in period t = 0, but GM follows its trigger-price strategy from period t = 1
Derive the cournot equilibrium output & profit for a firm as well as the market price. What is the H-index for this market?
Ryan Cozzens withdraws $400 from his checking account at the local bank and keeps it in his wallet. How will the withdrawal change the T-account of the local bank and the money supply?
How would expanding the business affect the economies of scale? When would you have constant returns to scale or diseconomies of scale? Describe your answer.