do a little research, then take a shot. What do you think? Hint: think about what money is and can do for you. Physically, money (cept coins) is nothing more than a printed piece of paper
Do a little research, then take a shot. What do you think?
Take a shot, what do you think? Hint: just use common sense to answer this one.
Do a little research, then take a shot. What do you think? Hint: be sure to read up on the money multiplier.
Do a little research, then take a shot. what do you think. Hint. Be sure to read up on Monetarists, and the quantity theory of money.
Dell, HP, and Gateway largely build PCs which run on Microsoft, while Apple has its own operating system. So, HP and Gateway PCs are much closer substitutes for Dell PCs
Microeconomics - Pareto Efficient
I think your first sentence is right. However, your reasoning is a bit off-base. Pareto-efficient implies that people with a marginal benefit above the marginal cost of producing the good can purchase that good. The above reasons you gave for deadweight losses also imply some ...
Microeconomics - Normative Statements
I'm not sure what you are asking. That said, in cost-benefit analysis doesnt necessarily mean if one gains someone else must lose. A coomon social policy question asks whether some change in policy is a good idea or not. Under a pure pareto requirement you would have to sh...
Like some of your earlier posts, some critical information is missing. What is the price of a cart? and what is the useful life (in years) of a cart?
a) put income on the x-axis, consumption (and savings) on the y-axis. At x=100 and y=150 put a dot. At x=200 and y=200 put another dot. Repeat for 300 and 400. Connect the dots. b) slope is rise over run. With each 100 increase in income (run), consumption goes up by 50 (rise)...