Economics

Question: Explain how the slave states and free states were becoming more different in the 1830s, 40s, and 50s. Draw upon economic, religious, political, and cultural differences.Explain how the slave states and free states were becoming more different in the 1830s, 40s, and 50s. Draw upon economic, religious, political, and cultural differences. In the records …

Explain how the slave states and free states were becoming more
different in the 1830s, 40s, and 50s. Draw upon economic,
religious, political, and cultural differences. Read More »

Question: Suppose that a manufacturer and its retailer both operate as a market monopoly. The retailer experiences no transaction cost for buying form the manufacturer, and the marginal cost of manufacturing is constant at 20. Market demand for the manufactured product is p = 100 – 2Q. How much would the manufacturer and the retailer …

Suppose that a manufacturer and its retailer both operate as a
market monopoly. The retailer Read More »

Question: 3 ook sk Int CO 4 0 01 5 15 25 35 45 10 20 30 40 50 Number of pizzas (per week) b) If the price stays at the old equilibrium, there would be a surplus c) What would be the new equilibrium price and quantity? New equilibrium price: $ New equilibrium quantity: …

3 ook sk Int CO 4 0 01 5 15 25 35 45 10 Read More »

Question: The fuel-cost curves for a two-generator power system are given as follows: C₁(P₁) = 600 15 ∙ P₁ 0.05 · (P₁)² . . C₂(P₂) = = 700 20 P₂ 0.04 · (P₂)² while the system losses can be approximated as P₁ = 2 × 10-4(P₁)² 3 × 10−4(P₂)² − 4 × 10-¹P₁P₂ MW If …

The fuel-cost curves for a two-generator power system are given as follows: C₁(P₁) = Read More »

Question: 1a-) Describe the Philllips curve. 1b-) Explain the trade-off involved in the Philllips curve. 1c-) Suppose that you are the central bank president and have a perfect control over inflation. Discuss how your monetary policy decisions would affect different group of people in the context of the Phillips curve. 1d-) Given your answers above, …

1a-) Describe the Philllips curve. 1b-) Explain the trade-off involved in the Philllips curve. Read More »

Question: Suppose that in the country of Rootland, the lowest 4 quintiles of income make 6, 12, 20, and 30 percent of total income. This must mean that the highest quintile of earners receives ______________ of total income. Multiple Choice 32 percent 18 percent 30 percent None of these options are correct. 68 percent When …

Suppose that in the country of Rootland, the lowest 4 quintiles
of income make 6, Read More »

Question: In a fractional reserve banking system like the one in the U.S., new deposits are created when Multiple Choice a person takes money out of one bank and puts it in another bank. a bank lends money. a person takes money out of the banking system and holds it as cash. All of these …

In a fractional reserve banking system like the one in the U.S.,
new deposits are Read More »

Question: Could you please explain this how to solve this when there is two dataWould really appreciate it !See the answerSee the answerSee the answer done loadingCould you please explain this how to solve this when there is two dataWould really appreciate it ! Show transcribed image text# MEAN X bar = sigma FX/ sigma …

Could you please explain this how to solve this when there is two dataWould really appreciate it ! Read More »

Question: 3. Gains from trade Consider two neighboring island countries called Felicidad and Bellissima. They each have 4 million labor hours available per week that they can use to produce jeans, rye, or a combination of both. The following table shows the amount of jeans or rye that can be produced using 1 hour of …

3. Gains from trade Consider two neighboring island countries called Felicidad and Bellissima. They Read More »

Question: In 2018, the Ford Motor Company announced it would discontinue production of most of its current models in favor of a more profitable production of SUVs. This reflects the principle of: O the balance of industries. the invisible hand. the minimization of total costs of production. creative destruction.Show transcribed image textOption c is correct. …

In 2018, the Ford Motor Company announced it would discontinue production of most of Read More »