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External link to For each of the following events, explain the short-run and long-run effects on output and the price level, assuming policymakers take no action.
Economics Writing Help

For each of the following events, explain the short-run and long-run effects on output and the price level, assuming policymakers take no action.

For each of the following events, explain the short-run and long-run effects on output and the price level, assuming policymakers take no action. 1. The stock market declines sharply, reducing consumers’ wealth. 2. The federal government increases spending on national defense. 3. A technological improvement raises productivity. 4. A recession overseas causes foreigners to buy fewer U.S. goods.

External link to Are you able to explain how this answer is solved and how graphs are made for this question? Assume a firm
Economics Writing Help

Are you able to explain how this answer is solved and how graphs are made for this question? Assume a firm

Are you able to explain how this answer is solved and how graphs are made for this question? Assume a firm in a monopolistically competitive industry is currently making a short run positive economic profit. Describe what is likely to happen to this firm’s profit in the long run. What role does elasticity play in this story? Think of a few examples of monopolistically competitive […]

External link to After Iraq’s oil supple was disputed in the second Gulf War, the price of jet fuel used by airlines increases dramatically.
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After Iraq’s oil supple was disputed in the second Gulf War, the price of jet fuel used by airlines increases dramatically.

6. After Iraq’s oil supple was disputed in the second Gulf War, the price of jet fuel used by airlines increases dramatically. As the CEO of US Airways you have been presented with the following optios to deal with this problem:a. Raise airfares to reflect the expense reduction.b. Decrease the number of flights per day in some marketsc. Enter into forward contracts to buy jet […]

External link to Please answer with clear steps. An investment of $10,000 in a high-risk venture has a 50-50 chance over the next year of increasing to $14,000 or decreasing to $8,000. That means that the net return c
Economics Writing Help

Please answer with clear steps. An investment of $10,000 in a high-risk venture has a 50-50 chance over the next year of increasing to $14,000 or decreasing to $8,000. That means that the net return c

Please answer with clear steps. An investment of $10,000 in a high-risk venture has a 50-50 chance over the next year of increasing to $14,000 or decreasing to $8,000. That means that the net return can be either $4,000 or $-2,000. Suppose that a prospective investor exhibits the following indifference behavior: Refer to attached file. a. Sketch the graph of the utility function for the […]

External link to Suppose that the total cost of producing pizzas for the typical firm in a local town is given by: C(q) = 2q + 2q2. Thus, marginal cost is MC = 2 + 4q….
Economics Writing Help

Suppose that the total cost of producing pizzas for the typical firm in a local town is given by: C(q) = 2q + 2q2. Thus, marginal cost is MC = 2 + 4q….

Suppose that the total cost of producing pizzas for the typical firm in a local town is given by: C(q) = 2q + 2q2. Thus, marginal cost is MC = 2 + 4q. (a) Show that the competitive supply behavior of the typical pizza firm is given by: q = P/4 . (b) If there are 60 firms in the industry each acting as a […]

External link to Discuss at least three markets where you think time varying prices mainly help to take advantage of differences in willingness to pay between groups
Economics Writing Help

Discuss at least three markets where you think time varying prices mainly help to take advantage of differences in willingness to pay between groups

Discuss at least three markets where you think time varying prices mainly help to take advantage of differences in willingness to pay between groups of people that tend to purchase at different times. Briefly explain your choices.

External link to If a person with utility from income is U = Y^0.
Economics Writing Help

If a person with utility from income is U = Y^0.

7. If a person with utility from income is U = Y^0.6 (where Y is income) and an initial income of $40,000 faces the risk of losing all of her income with a likelihood of three percent, what is the most you could charge such a person for full insurance against this risk? And what would actuarially fair insurance cost her? Show work. The initial […]

External link to Why is the AD curve downward sloping? 1. The higher interest rate produced by a lower price
Economics Writing Help

Why is the AD curve downward sloping? 1. The higher interest rate produced by a lower price

Why is the AD curve downward sloping? 1. The higher interest rate produced by a lower price level leads to more consumption spending, investment spending, and net exports. 2. AD slopes downward for the same reasons the demand for an individual good slopes downward: because of income and substitution effects. 3. If nothing else changes, a decrease in the price level reduces aggregate expenditure on […]

External link to Suppose that government regulators try to deal with the negative pollution externalities by imposing a binding limit on the quantity of gasoline that…
Economics Writing Help

Suppose that government regulators try to deal with the negative pollution externalities by imposing a binding limit on the quantity of gasoline that…

Suppose that government regulators try to deal with the negative pollution externalities by imposing a binding limit on the quantity of gasoline that gas stations can sell. Together, the stations can sell a maximum of 30 million gallons, the efficient level of consumption of gasoline.

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