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External link to Plot the following Price and Quantity combinations: (4,8), (1,2), (5,10) Is your graph more likely to be a demand curve or a supply curve? why?
Economics Writing Help

Plot the following Price and Quantity combinations: (4,8), (1,2), (5,10) Is your graph more likely to be a demand curve or a supply curve? why?

Plot the following Price and Quantity combinations: (4,8), (1,2), (5,10) Is your graph more likely to be a demand curve or a supply curve? why? Using the equation of a line, and P for price and Q for quantity, what is the algebraic formula of this curve? Plot the following Price and Quantity combinations. Note that the points are given in the format (Quantity, Price). […]

External link to For the years 1993 – 2015, get on the Web and look up the actual end of year figures and exhibit them in a table for the following economic…
Economics Writing Help

For the years 1993 – 2015, get on the Web and look up the actual end of year figures and exhibit them in a table for the following economic…

For the years 1993 – 2015, get on the Web and look up the actual end of year figures and exhibit them in a table for the following economic variables: (The Fed Bank of St. Louis’ “FRED” database is a great source – http://research.stlouisfed.org/fred2/ – use the search function). a) Nominal (current dollar) GDP b) Real (constant dollar) GDP c) the Consumer Price Index (CPI) […]

External link to What is the efficient markets hypothesis? What are the most important characteristics of markets that are necessary for them to be efficient?
Economics Writing Help

What is the efficient markets hypothesis? What are the most important characteristics of markets that are necessary for them to be efficient?

4. How can the Fed affect the amount of reserves that banks hold? What interest rates can it change to manipulate the quantity of reserves? The efficient markets hypothesisThis refers to the investment theory which states that it is impractical to beat themarket since stock market efficiency results in the present share prices to…

External link to Assume Qd = 2700 when P = 11. And Qd = 2100 when P = 13. Calculate the price elasticity of demand?
Economics Writing Help

Assume Qd = 2700 when P = 11. And Qd = 2100 when P = 13. Calculate the price elasticity of demand?

Assume Qd = 2700 when P = 11. And Qd = 2100 when P = 13. Calculate the price elasticity of demand? (using 1st method I got 1.24) (using 2nd method i got 1.221) a. what would happen to revenues in the above example if the firm lowered prices slightly. explain?b. Given the answer to question above, should firms lower prices? Assume Qd = 2700 […]

External link to InU= InA + aInx1+ bInx2 With an endowment budget constraint p1x1+p2x2 A) derive the demand functions B) show the expressions for own substitution effects i) with exogenous income ii) with endowments
Economics Writing Help

InU= InA + aInx1+ bInx2 With an endowment budget constraint p1x1+p2x2 A) derive the demand functions B) show the expressions for own substitution effects i) with exogenous income ii) with endowments

InU= InA + aInx1+ bInx2 With an endowment budget constraint p1x1+p2x2 A) derive the demand functions B) show the expressions for own substitution effects i) with exogenous income ii) with endowments C) derive the Slutsky equation with the endowments. 2) U= AX1^a X2^(1-a) atb=1 Given the prices X1, X2, as P1 and P2 respectively and money income M: A) Derive the demand functions B) find […]

External link to Suppose a firm faces potential demand from two customer bases, H and L, with high and low valuation of the firm’s product, respectively.
Economics Writing Help

Suppose a firm faces potential demand from two customer bases, H and L, with high and low valuation of the firm’s product, respectively.

3. Suppose a firm faces potential demand from two customer bases, H and L, with high and low valuation of the firm’s product, respectively. If the product has network externalities and all type H customers are currently purchasing the product, then the price that can be charged to L consumers ________. A. increases with the number of H consumers B. decreases with the number of […]

External link to In contrast to the United States, countries like Japan and Germany have: lower rates of saving but higher rates of investment b. lower rates of…
Economics Writing Help

In contrast to the United States, countries like Japan and Germany have: lower rates of saving but higher rates of investment b. lower rates of…

In contrast to the United States, countries like Japan and Germany have:a. lower rates of saving but higher rates of investmentb. lower rates of saving and investmentc. higher rates of saving and investmentd. higher rates of saving and lower rates of investmentIf expected inflation is 12% and the publically regulated electric utility company is legally limited to a10% rate of return, then we should expect:a. […]

External link to Bob Thomason produces theorems using hours of labor and Big Machines. In the short run, his labor is a variable factor but the number of Big Machines…
Economics Writing Help

Bob Thomason produces theorems using hours of labor and Big Machines. In the short run, his labor is a variable factor but the number of Big Machines…

The long-run equilibrium price is $3/bushel. Now suppose that in the spirit of Christmas, a coalition of rich people decide to buy wheat and resell it to poor people for half of whatever the rich people have to pay. List some points on the new demand curve for wheat. Suppose that the rich announce their plan just before Christmas, and suppose that in the short […]

External link to Which one of the following is NOT one of the functions of money?
Economics Writing Help

Which one of the following is NOT one of the functions of money?

Which one of the following is NOT one of the functions of money? Question 1 options: It must be able to store value. It must be useful for trade. It must be convertible to gold or some other precious metal. It must be useful as a measurement of price and value. (3 points) What is a problem with commodity money? It is more likely to […]

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