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Explain why equilibrium of supply and demand is desirable. Explain the following concepts using the concept of consumer and producer surplus:
A four-sided die is rolled repeatedly, until the first time (if ever) that an even number is obtained. What is the sample space for this experiment?
In a two person nash equilibrium each player is making a best response to what? In a dominant strategy equilibrium each player is makinga best response to what?
With the rise of crypto assets and wider adoption of distributed ledger technologies, what will be the future role of Central banks in a digital service economy
Should the Federal Reserve System control the nation's money supply? Defend your position using economic principles.
What were the responses of the supplier base to the shift in the supply/demand curve?
The changes in supply and demand of some good or service that you have experienced, and discuss the market structure of your firm(non-profit).
Identify at least four key points of a relevant economic article. Choose an article that deals with any course concepts covered under Principles of Economics.
Provide insight into the daily workings of the exchange markets and develop a deeper appreciation for the forces that drive supply and demand.
Where buffer stock purchases have often been used to achieve the target price for various products?
What is meant by perfect multicollinearity? What is its effect? What is meant by high, but not perfect, multicollinearity? What problems may result?
What are some additional strengths and weaknesses of the Human Development Index as a comparative measure of human welfare?
What can we say about the substitution and income effects of a change in the price of salt? What can we say about Brady's income elasticity of demand for salt?
Discuss the level of utility decreases as an individual moves downward along the demand curve.
Discuss the utility maximizing quantities of X and Y if the prices of X and Y are 50 and 10, respectively.
What is Kim's demand function for chocolate ice cream? What is Kim's demand function for vanilla ice cream?
Calculate the marginal rate of substitution for each consumer at his or her optimal consumption bundles.
Discuss how the job transfer affects Lauren's well-being. Explain why this is the case given that her income has remained the same.
Identify the utility maximizing quantities of X and Y if the prices of C and H are 2 and 2, respectively. Find the numerical values of the optimal C * and H* .
If you were the financial manager of Stars and Stripes Clothing, what would you do with the excess cash that the firm expects in the second and fourth quarters?
If the government forces the scalpers to charge the actual price at which the tickets were earlier sold by Red Sox how will the outcome change?
Explain why a reduction in the required reserve ratio cannot, at least initially, increase total reserves in the banking system.
A major electronics manufacturer expects to generate additional revenue. What is the present worth of total revenue at an interest rate of 18% per year?
Briefly explain the Factor Proportions Theory by Heckscher and Ohlin. What, in your view, are the major shortcomings of this theory?
Draw the extensive form for the following game (invent your own payoffvectors, because I give you no payoff information).