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What is the profit maximizing level of advertising? Describe.
Calculate consumer surplus and producer surplus. Imagine if there are no trade barriers and world price of corn is $4, confirm that the country would import corn.
Suppose that the probability of the opposition being of a high type is 1/2. Voters vote for the government with the highest probability of being of a high type What is the probability the incumbent
Over this price range what was the elasticity of demand for this newspaper?
Research about the effects of the Nationalization in terms of
Calculate the annual cost to the entire industry from the closures.
Graph the total benefits and total costs functions on the same graph (again, feel free to cut and paste from Excel or a similar program).
An unanticipated demand-pulled inflation would normally lead to all the following problems EXCEPT
What must governments do to stabilize the economy using the tax fiscal policy instrument, indicate what should be done? Show the effect of your suggested policy in words and graph of the AD-AS model
Examine the factors that determine the price of mobile telephone devices in a free market. Analyse with the aid of a diagram how prices have changed over the last 3 years.
Compute the required reserve ratio. (Show your work) obtained.Suppose that Pam wants to borrow money to pay for a new car from Sharpeland Bank. What is the maximum amount that Sharpeland Bank could lo
Formulate the investor’s linear programming problem.Find out the investor’s optimal portfolio allocation and the maximum expected return on her portfolio. (To find out the optimal portfo
What is the firm's revenue-maximizing levels of price (P), output (Q), and profit (r)? Which of (b) or (c) is better?
Referring to the table below and by using the Rule of 70, comment on long-term changes in the standard of living in the United States?
Now suppose that government spending is increased by $12 billion. That would (increase or decrease) the level of income by how much?
Suppose That Turbo has preferences that can be described by the following utility function.
Economic events occur around us every day. This assignment aims to provide association between what you learn from economic models and concepts in class with real-life events happening around you.
What is optimal level of provision of this good if it can be produced at the constant marginal cost of $80 per unit.
What if the same couples were married? Change the simulation accordingly and calculate the marginal and average tax rates.
Case Study Electron Control, Inc., sells voltage regulators to other manufacturers, who then customize and distribute the products to quality assurance labs for their sensitive test equipment.
By using the midpoint method, compute the price elasticity of demand when the price of an ice cream cone rises from $3 to $4. What does this estimate imply regarding the price elasticity of demand f
Why is the Long-Run Aggregate Supply Curve a vertical line; that is, why is long-run aggregate supply not influenced by the price level?
What is the economy’s potential GDP? What does this mean?
We say that the foreign exchange market is in equilibrium when deposits of all currencies off er the same expected rate of return (when returns are denominated in the same currency).
Please go to the given website and write a maximum of three page essay (excluding tables, charts and graphs) comparing the EU budget for years 2000 and 2012. Included in your essay should be a discu