Explain‚ and illustrate using graphs‚ whether you think a perfectly competitive industry or a monopoly industry leads to more efficient outcomes for an economy. RESEARCH ESSAY Microeconomics is defined as a study of how economic decisions are made by individuals and groups along with the range of factors affecting those decisions. In relevance to this‚ the analysis of perfect competition and monopoly regarding efficiency is considered one of the most core basis to the understanding of Microeconomics
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A Yield Curve Analysis and its Impact on Future One Year Rates for the Week of 11/5/12-11/9/12 By: Ben Nihart I analyzed the yield curve each day throughout the week of November 5th-9th‚ and found some significant events that caused the movement along the yield curve. In this analysis‚ I will detail each event and explain its impact on US Treasury yields. I will also explain the impact these events had on the future one year rates. When I signed up to do this project‚ I signed up for this
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and income at which the goods market is in equilibrium‚ ceteris paribus. The IS curve is downward sloping because as interest rates fall‚ investment increases‚ thus increasing output. The steepness of the slope depends upon the sensitivity of investment to interest rate changes. The more interest sensitive the investment‚ the more interest sensitive the IS curve‚ i.e. the flatter the IS curve. We can derive the IS curve using algebra. Firstly we take into consideration how the goods and services
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Electronically Mediated Interpersonal Communication Our everyday communication involves talking to friends‚ lovers‚ family members‚ acquaintances‚ co-workers and people in service positions. We do this routinely‚ usually without much thought‚ unless some problem occurs or the relationship starts to take a turn for the worse. Then we become painfully aware of the poor communication we have had with another. We’ve probably all had relationships that slipped away because we couldn’t talk to each other
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motives for holding money and relate them to the interest rate that could be earned from holding alternative assets‚ such as bonds. 2. Draw a money demand curve and explain how changes in other variables may lead to shifts in the money demand curve. 3. Illustrate and explain the notion of equilibrium in the money market. 4. Use graphs to explain how changes in money demand or money supply are related to changes in the bond market‚ in interest rates‚ in aggregate demand‚ and in real GDP and
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ICU: INTRODUCTION TO MARKETING Vladimir V. Bulatov. bbe@voliacable.com We‚ Fr 8:30 LECTURE 12. PRODUCT DEVELOPMENT II. Reading: Ch. 11‚ 12‚ addendum sent onto your e-mails. Three product levels in marketing: 1.Core product: “what the buyer is really buying?” (E.g. Charels Revson [Revlon] recognizes that: “In the factory we make cosmetics; in the store – we sell hope”). Product concept is the idea about benefits‚ not features. 2.Tangible product – a ready-to-use product that has certain
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TASK 1 Consider the following equation: MRSXY < PX/PY where MRS = marginal rate of substitution x and y are two goods P = price < = is less than {draw:frame} The graph above shown us the indifference curve budget line diagram which explaining the equation MRSXY < P X / PY. There are two ways to measure the consumer preferences or what the consumer wants. The first one is by trying to put a ‘value’ on the satisfaction a consumer obtains from consuming
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Refer to Figure 21-1. In graph (a)‚ what is the price of good Y relative to good X (i.e.‚ Py/Px)? a. 1/3 b. 1/4 c. 3 d. 4 ANS: B 2. Refer to Figure 21-1. Assume that a consumer faces both budget constraints in graph (a) and graph (b) on two different occasions. If her income has remained constant‚ what has happened to prices? a. The price of X in graph (a) is higher than the price of X in graph (b). b. The price of Y in graph (a) is higher than the price of Y in graph (b). c. The prices of both
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constraint MSC: Analytical 5. If the relative price of a concert ticket is 3 times the price of a meal at a good restaurant‚ then the opportunity cost of a concert ticket can be measured by the a. slope of the budget constraint. b. slope of an indifference curve. c. marginal rate of substitution. d. income effect. ANS: A PTS: 1 DIF: 2 REF: 21-1 TOP: Budget constraint MSC: Analytical 6. When the price of a shirt falls‚ the a. quantity of shirts demanded falls. b. quantity of shirts demanded rises. c
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function is QD = 20 – 4P and the government imposes a tax of $2 on consumers. What is the new demand curve? 3. What does the supply curve look like when there is a max quantity that can be supplied? 4. In the market for pizza what will happen if a. Worker’s wages increase. b. Income increases c. The price of cheese decreases. 5. The inverse demand for movies is P = 8 – (1/2)Q. Graph the demand curve. Show what happens when the price for movies declines from $6 to $3. 6. In the market for OJ what
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