by Dan | Aug 12, 2024 | economics
Reflection and Discussion Forum Week 7 Reflection and Discussion Forum Week 7 https://ucumberlands.blackboard.com/webapps/blackboard/content/listContent.jsp?course_id=_165646_1&content_id=_6389751_1 Assigned Readings: Chapter 17. Business, Government, and...
by Dan | Jul 30, 2024 | economics
In March of 2021, Congress passed a massive Coronavirus stimulus bill ($1.9 trillion). This expansionary fiscal policy was designed to strengthen the economy and reduce unemployment. The most significant parts were 1-$1400 direct payment to many Americans:...
by Dan | Jul 13, 2024 | economics
Question 2 (20 points) Total industry output is given by =1+2 and the industry demand curve is given by ()==(11+2). If costs are given by ()= ;=1,2, determine the payoffs (profits) for each firm. Question 3 (20 points) Assuming the duopoly described in question...
by Dan | Jul 11, 2024 | economics
Suppose the own price elasticity of demand for a good X is 5, its income elasticity is 1, its advertising elasticity is 4, and the cross-price elasticity of demand between it and good Y is 3. Determine how much the consumption of this good will change if: The price of...
by Dan | Jul 11, 2024 | economics
Suppose the supply function for product X is given by Qxs = 30 + 2Px 4Pz. How much of product X is produced when Px = $600 and Pz = $60? How much of product X is produced when Px = $80 and Pz = $60? Suppose Pz = $60. Determine the supply function and inverse supply...
by Dan | Jul 11, 2024 | economics
What is the maximum amount you would pay for an asset that generates an income of $250,000 at the end of each of five years if the opportunity cost of using funds is 8%?
