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The government steps in and levies a unit tax of 10 on this commodity. What is the revenue raised by the government through this tax.
A firm finds that at its MR=MC output, its TC=$1,000, TVC=$800, TFC=$200 and total revenue is $900. This firm should: a-shut down in the short run b-produce because the resulting loss is less than
Suppose that the quantity of money in circulation is fixed but the income velocity of money doubles. If real GDP remains at its long-run potential, what happens (exactly) to the equilibrium price l
1. What is the discount yield, bond yield, and effective annual return on a $1million Treasury bill that currently sells at 97 3/8 percent of its face value and is 65 days sells at maturity?
Who benefits from a tariff or quota? Who loses? What are the positives and negatives of protectionist trade policies on the federal government's part? Which policy is best right now?
If speculators gained greater confidence in foreign economies so that they wanted to buy more assets of foreign countries and fewer U.S. bonds,
Consider the salaries of professional athletes or famous actors (A-Rod and the cast of T.V. shows like "Friends" are good examples). Is it possible that such workers may be underpaid? Analyze how th
Why do oligopolies exist? list five or six oligopoists whos products are owned or regurlarly purchased. What distinguishes an oligopoly from monopolistic competition.
Describe and outline how fiscal policy can be used to solve a recessionary problem in an economy, along with some their caveats.
The main reason self-confidence is important in human relations is because
When there are competitive formal creditors and a monopolist informal moneylender, what are the interest rates for $250 loan (i250) and $200 loan (i200) by the moneylender?
Who benefits from a tariff or quota? Who loses? What are the positives and negatives of protectionist trade policies on the federal government's part?
Does one firms output decision depend on the output decision of other firms in a long run competitive equilibrium market?
What roles do physical capital, human capital, technology, and natural resources play in influencing long-run economic growth of aggregate output per capita?
For a call option on a non-dividend paying stock, the strike price is $29, the stock price is $30, the risk-free rate is 6% per annum, the volatility is 20% per annum and the time to maturity is 3 m
A monopolist with a straight-line demand curve finds that it can sell two units at $12 each or 12 units at $2 each. Its fixed cost is $20 and its marginal cost is constant at $3 per unit. Draw the
The sequential lending strategy, which Grameen Bank adopted, is considered to have an advantage over the simultaneous lending strategy, in which all group members are given loans at the same time.
Discuss the advantage of group lending as opposed to individual lending. Explain why group lending achieves low default rate in average, while other formal credits do not. Be sure to mention incenti
Should the Fed increase or decrease the money supply? If the Fed uses open-market operations, should it buy or sell government securities?
Given the following total-revenue function: Derive the total, average, and marginal revenue schedules from Q=0 to Q=6 by 1's On the same set of axes, plot the total , average, and marginal-revenue sch
You operate in a duopoly in which you and a rival must simultaneously decide what price to advertise in the weekly newspaper. If you each charge a low price, you each earn zero profits. If you ea
Would you give an example of a microeconomic decision you've made at work or home? Would you give an example of how a macroeconomic phenomenon has impacted a personal or business decision of yours? I
At that point the slope of its demand curve becomes -0.02. f. Determine the new (equilibrium) average price The Blue Dragon charges for its meals. g. Write the equation for this new (zero profit) de
The following equation represents the weekly demand that a local theater faces. Qd = 2000 - 25 P + 2 A, where P represents price and A is the number of weekly advertisements. Presently the theater
Suppose that a large city is investigating the elimination of rent controls on housing at a time when the vacancy rate is extremely low-only 1 percent of all apartments in the city are vacant. Whic