adhere to which of the following? Answer Selected Answer: MR =0 Correct Answer: MR =0 Question 4 10 out of 10 points Assume a perfectly competitive firm ’s short-run cost is TC = 100 + 160Q + 3Q2. If the market price is $196‚ what should it do? Answer Selected Answer: produce 6 units and continue operating Correct Answer: produce 6 units and continue operating Question 5 10 out of 10 points When a firm has the power to establish its price‚ Answer Selected
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interest rate at 4%. What open market operations should the Fed conduct? Of how many billions? 4. For each of the following event‚ indicate how the Fed should respond if the Fed is in charge of keeping output at its natural rate‚ regardless of what happens to the price level. In your answers indicate 1) if the Fed will increase or decrease the AD‚ 2) if the Fed will increase or decrease the interest rate‚ 3) if the Fed will increase or decrease the money supply‚ and 4) what open market operations
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What is the digital divide? How does poverty play a role in the digital divide? What does all of this do for education? More schools are starting to require students to have internet access or do work online. There are some solutions to the problem‚ but are they actually realistic. Can we get internet into all households across the nation? The dictionary defines the digital divide as the difference between people who have opportunities to benefit from digital resources and those who do not have
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. THE ECONOMIC PROBLEM AND ECONOMIC SYSTEMS The economic activity of a society consists of activities related to the production and consumption of goods and services. Since earliest times‚ the primary function of organized society has been economic in nature. The other elements of civilized society -- architecture‚ literature‚ music‚ etc. -- emerge only after the material needs of the society have been amply provided for. Poor societies do not build great pyramids‚ erect magnificent cathedrals‚ or
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culty in trading o¤ multiple goals agains the policy rate and the notion that the cost of cleaning up after the buble bursts would not be too large. The GFC was preceeded by …nancial vulnerabilities particularly in the housing and credit markets. Role of monetary policy in the build up of the asset price buble. (University of York) Leaning against the wind‚ but how? Monetary policy versus September 2012 measures 19 macro-prudential 3 / 28 Main motivation cont. It is now recognized that price
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The purpose of this essay is to analyse the performance of Barratt Developments PLC as an example of any organisation in terms of business‚ economic and management concepts. One of the most important and influential elements of the business environment is the structure of the industry. How a firm performs depends on the state of its particular industry and the amount of competition it faces. (Book) To describe the characteristics of the modern construction industry we should look at the nature of
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Music has played a significant role throughout my whole life. All throughout middle school and high school I have been a performer‚ participating in many different musical organizations including orchestra and choir. These personal experiences have broadened my interests in music. In middle school I was in choice voices‚ which was a special singing group for people who excelled in singing. When I went to high school I stayed in the same program and even became senior section leader of my choir‚ conducting
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THE UTILITY CONCEPT THE term utility refers to satisfaction a consumer gets from whatever goods and services he consumes. It will be useful to discuss between two utility concepts: (i) total utility (ii) marginal utility Total utility attained from a commodity refers to the sum total of satisfaction which a consumer receives by consuming the various units of the commodity. The more units he consumes‚ the greater will be his total satisfaction upto a certain point. As he keeps on
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How does variation play a role in population’s phenotypes? Phenotypes are characteristics of an organism which we notice through different physical features such as hair color‚ body weight‚ capabilities‚ the way someone might behave‚ etc. Variation is the differences in an individual in the population‚ Variation plays an important role in phenotype because it helps us understand life.‚ we see a variety of attributes everywhere each one mirrors an alternative important reason. For example‚ a bear
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EMPRESA 1. If the price of VCRs declines by 20 percent‚ and the quantity sold rises 40 percent‚ what is the price elasticity of VCRs‚ ceteris paribus. [pic] 2. The cross price elasticity between the demand for Washington State apples relative to Pennsylvania apples is +0.7. What can be said about the perceived differences in quality between the two apple varieties? How would your answer change if the cross price elasticity were only +0.1? Since the cross price elasticity is
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