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Assume that the banking system is loaned up and that any open-market purchase by the Fed directly increases reserves in the banks. If the required reserve ratio is 0, by how much could the money supply expand if the Fed purchased $2 billion worth of bonds?
In your opinion, how can demand forecasting help cab service providers such as Uber and Ola?
Consider the following TR and TC function for a firm operating in a perfect competition
market:
TR = 21Q
TC = 1/3Q3 – 5Q2 + 42Q + 81
A. Determine the profit maximizing or loss minimizing equilibrium level of output?
B. Compute the level of profit or loss at the above equilibrium quantity and comment on
the decision of the firm?
Consider the following TR and TC function for a firm operating in a perfect competition
market:
TR = 21Q
TC = 1/3Q3 – 5Q2 + 42Q + 81
A. Determine the profit maximizing or loss minimizing equilibrium level of output?
B. Compute the level of profit or loss at the above equilibrium quantity and comment on
the decision of the firm?
The local shopping centre has free parking, but the centre is always very busy and it usually takes 30 minutes to find a parking space. Today when you found a vacant spot, Harry also wanted it. Is parking really free at this shopping centre? If not, what did it cost you to park today? When you parked your car today, did you impose any costs on Harry? Explain your answers.
Which of the following statements are positive and
which are normative:
a A cut in wages will reduce the number of people
willing to work.
b High interest rates prohibit many young people
from buying their first home.
c No family ought to pay more than 25 per cent of its
income in taxes.
d The government should reduce its expenditure on
roads and increase its expenditure on railways.
If the supply curve is perfectly elastic and demand is linear and downward sloping. what is tne ettect of a sl specific tax collected from producers on equilibrium price and quantity?
If the supply curve is perfectly elastic and demand is linear and downward sloping. what is tne ettect of a sl specific tax collected from producers on equilibrium price and quantity, and wnat is the incidence on consumers? Why?
Point of tangency between isoquant curve and isocost curve is _______ equilibrium
Consider the following TR and TC function for a firm operating in a perfect competition
market:
TR = 21Q
TC = 1/3Q3 – 5Q2 + 42Q + 81
A. Determine the profit maximizing or loss minimizing equilibrium level of output?
B. Compute the level of profit or loss at the above equilibrium quantity and comment on
the decision of the firm?
