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For each of the following sets of supply and demand curves, calculate equilibrium price and quantity.
If the exchange rate is initially 1.5 euros per dollar and then changes to 1.45 euros per dollar in one year, which deposit would have given the U.S resident a higher return? show calculations.
If American prices drift upward somewhat more rapidly than prices in the other mixed economies, the probable result will be:
By using aggregate supply and aggregate demand curves to illustrate, describe the effects of the following events on the price level and on equilibrium GDP in the long run, assuming that input price
What results from the profit maximizing level of output if the market price suddenly rose to $54 per case? Why the output level changes?
Ricardian equivalence, Please provide detailed calculation, analysis and explanation
Considering the example in this context, explain how the effect of labor-saving technology on the PPF is similar to the effect international trade has on people's consumption possibilities if the n
Draw a diagram to identify a monopolistic competitor that is incurring losses. Total industry sales are $105 million. The top four firms account for sales of $10 million, 9 million, 8 million, and $5
You are the team leader of a unit of a US nonprofit organization based in Banjul Gambia (Capital City). The nonprofit's mission is to ensure that rural populations worldwide have access to health an
What is the above game in normal form? Is there a dominant strategy? If yes, what is it? Does the rival have a dominant strategy? If yes, what is it? What is the Nash equilibrium for the one-shot ga
What is the value of GDP? What is the value of net domestic product? What is the value of net investment? What is the value of net exports?
Suppose at this time of the last year the exchange reate between US and Japan is 1 US Dollar worth 115 Japenese Yen. Now it becomes 1 US Dollar worth 95 Japanes Yen. Also suppose in the past year t
Explain the law of diminishing returns (in your response make sure you discuss the relationship between marginal and average productivity). Do you think the law of diminishing returns is binding wh
Create a 800 to 1,050 word business proposal in which you provide recommendations to the company for increasing revenue for the company, achieve ideal production levels, determine how fixed and var
On the basis of the three individual demand schedules below, and assuming these three people are the only ones in the society, determine (a) the market demand schedule on the assumption that the go
Tetrangle Manufacturing has fixed costs of $2,160 per day. The firm manufactures bicycle component upgrade kits. The kits have a short-run average variable cost of $48 and are sold for $66 each. Wh
Zach withdrew $400,000 out of his personal savings account and used it to start his new cookie business. The bank account pays 3 percent interest per year. During the first year of his business, Za
What is a government budget deficit? How does a federal budget deficit affect the economy? How does it affect the level of investment and interest rates? How does it affect the individual consumer?
Economic growth has been high, but inflation has also increased from three percent to five percent (annualized) over the last four months. The level of unemployment is very low and cannot possibly
Suppose that the position of a nation's long-run aggregate supply curve has not changed, but its long-run equilibrium price level has increased. Which of the following factors might account for this
Prepare a presentation consisting of 8-10 PowerPoint slides with 100-150 words of speaker's notes per slide in which you explain the benefits and drawbacks of the tax credit for individual consumers
What is the price of an additional dollar of local spending in each case? Which of the two methods do you think would lead to higher levels of local spending on roads? Explain your answer.
The current debate about fiscal and monetary policy tends to focus on
What are the difficulties in estimating income inequality at the global level? What are the different ways of measuring global inequality?