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Find a linear demand curve that fits this information and draw it on a clearly labeled graph.
What does this tell you about the sensitivity of demand to price for this good? Discuss why this is the case.
Find linear demand and supply curves that are consistent with this information.
For each month find the equilibrium price and quantity. Illustrate your answer with a graph. Illustrate the equilibrium prices and quantities on the graph.
Plot the utility and marginal utility functions on two separate graphs. Show algebraically and graphically value of H at which he would stop consuming hot dogs.
Carlos has a utility function that depends on the number of musicals and the number of operas seen. Why does Carlos believe that more is better for each good?
On a graph with grams of yogurt on the vertical axis and grams of ice cream on the horizontal axis. Show the directions of increasing utility
The utility that Julie receives by consuming food F and clothing C is given. What is the slope at the basket with 4 units of food and 3 units of clothing?
Draw a typical indifference curve (it need not be exactly to scale, but it needs to reflect accurately whether there is a diminishing MRSx,y).
Do you have enough information to determine Annie's marginal rate of substitution of food for shelter? If so, what is it? If not, why not?
Why will the consumer always choose a basket on the budget line? How will a change in income affect the location of the budget line?
At an optimal interior basket, why must the slope of the budget line be equal to the slope of the indifference curve?
Why will the marginal utility per dollar spent not necessarily be equal for all goods at a corner point?
Under which exchange rate regime would you expect the gains from international asset trade to be greater, fixed or floating?
Why might covered interest parity fail to hold when deposits issued in different financial centers are compared?
When a U.S. bank accepts a deposit from one of its foreign branches, or from its own IBF. What do you think is the rationale for these regulations?
Why might growing securitization make it harder for bank supervisors to keep track of risks to the financial system?
How would the domestic nominal interest rate be related to the foreign nominal interest rate? What if the crawling peg is not fully credible?
How might a developing country's decision to reduce trade restrictions such as import tariffs affect its ability to borrow in the world capital market?
How might an IDCC have facilitated debt relief for developing countries? What problems can you see in operating such a facility?
Why would Argentina have to give the United States seigniorage? How would you measure the size of Argentina's sacrifice of seigniorage?
Illustrate graphically how the exogenous event described will contribute to a higher price of corn in the U.S. market.
For each of the following scenarios, illustrate graphically how the exogenous event contributed to a rise or a decline in the price of oil in 2008.
What is the objective function for this problem? Which of the variables (Q, E, L, PE, and PL) are exogenous? Which are endogenous? Explain.
How would the equilibrium price of aluminum in 2004 compare to the equilibrium price in 2003?