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What are the advantages and disadvantages of having monetary policy in the hands of the Federal Reserve System rather than in the legislative or executive branches?
A major producer of consumer goods set out to forecast the price of fresh salmon three years ahead. Such a forecast was needed in deciding whether the firm should enter the business of supplying sal
Suppose that at current factor prices cloth is produced using 20 hours of labor for each acre of land, and food is produced using only 5 hours of labor per acre of land. Suppose that the economy's t
What does this imply about the short-run and long-run Phillips curves in these two types of countries? What does this imply about the effectiveness of monetary and fiscal policy to reduce the unemploy
Describe marginal analysis and use an example to explain how utility influences the use of marginal analysis by consumers.
Determine the probability that the annual net cash flows will be negative. Determine the probability that the annual net cash flows will be less than $20,000.
Compute expected annual sales. Compute the standard deviation of annual sales. Compute the coefficient of variation of annual sales.
Explain why general level of wages in the united states and other industrially advanced countries. what is the single most important factor underlying the long-run increase in average real-wage rate
What is Gross Domestic Products (GDP)? Discuss the various methods used to measure GDP.
Assume that the price of a substitute resource increases, other things constant. What happens to demand for labor? What are the new equilibrium wage rate and level of employment? What happens to the
Explain a personal daily struggle that is an example of the law of noncontradiction and the challenges posed to your beliefs and decisions.
Determine the size of the market surplus or shortage that would exist at a price of (a) $40 (b) $20. Illustrate your answers on a graph.
What is the difference between casemix funding and bundled payments in health systems, and which methods (if they do differ)can control health expenditure?
Derive the consumer's marginal rate of substitution at the point (2,4). For prices p1 = 1/3 and p2 = 1 and m = 12, solve for the consumer's optimum choice of X1 and X2.
Discuss perfect competition and long-run equilibrium. Provide detailed descriptions, definitions and concrete examples of your findings. Additionally, how does the proliferation of global trade and
Illustrate scarcity, choice and opportunity cost with the aid of a diagram showing a production possible frontier
Explain the concept of the opportunity cost. your answer could consider opportunity cost in the context of the production possiblity curve.
Derive the equation for how marginal revenue is a function of price and the own-price elasticity of demand, . Use this equation to explain why marginal revenue is less than price for a non-discrimin
Choose an organization that has a high fixed cost and low variable cost balance to run its operations. Discuss the balance of fixed and variable costs for the organization. How can the organization
Explain the difference between nominal and real variables and give tow examples of each. According to the principle of monetary neutrality, which variables are affected by changes in the quantity of
Suppose that butchers and bakers had no unions. Now suppose the butchers form a union. What does this do the labor supply of and wages of bakers?
Explain the relationship between the demand elasticity and the excess capacity that occurs for a monopolistic competitor.
What are the assumptions of the theory of monopolistic competition? In what ways do these assumptions differ from those of the perfectly competitve model?
Suppose that at price index of 154, the quantity demanded of Real GDP is 9,000 billion worth of goods and services. Do these data represent aggregate demand or a point on aggregate demand curve? Exp
This year, all the firms in the industry are purchased by a corporate raider, who then operates the industry as a monopoly and seeks to maximize profits from the sale of computers. Which of the foll