A competitive firm sells its product at a price of $0.10 per unit. Its total and marginal cost ...
A competitive firm sells its product at a price of $0.10 per unit. Its total and marginal cost functions are: TC = 5 - 0.5Q + 0.001Q2 MC = -0.5 + 0.002Q, where TC is total cost ($) and Q is output rate (units per time peri
In this clip from The Big Short, MBS skeptic Steve Correl goes
In this clip from The Big Short, MBS skeptic Steve Correl goes to credit rating agency Standard and Poors to see how they rate the securities based on the mortgage market.
Here's a trip through Macro theory. What is the Phillips Curve
Here's a trip through Macro theory. What is the Phillips Curve (put this in your own words)? explain the following quote about the Phillips Curve: “As for the Phillips curve… most arguments today center around whether it’s dead or just grav
Watch this video featuring funny Australian accents.
Watch this video featuring funny Australian accents: This is a little preparation for Friday's lecture where we define Neoliberalism. What are some examples of specific trickle-down economic
Between 2020 and 2021 my annual income was pretty much the same but in 2021 my federal withholding was 1/5 as much as 2020. I had to write a giant check to the fed. What happened? This was only true at one of my jobs, but my boss claimed it was gover
Which of the following statements is INCORRECT regarding the model for information products? Margi
Which of the following statements is INCORRECT regarding the model for information products? Marginal cost equals average variable cost. In the long run, accounting profit is positive. The firm maximizes profit by setting the pri
One of the aspects of Neoliberalism in the US was that the Central Bank
One of the aspects of Neoliberalism in the US was that the Central Bank, The Federal Reserve, stopped using monetary policy to create full employment. Explain how that helped create low and stable inflation in the US during Neoliberalism.
What types of jobs exist that have flexible hours for those with other work that pays well and doesn't require additional college? I am middle aged and haven't found a livable income.
Explain how someone who believes in neoliberal economic policy
explain how someone who believes in neoliberal economic policy could argue that unions (or a minimum wage, or welfare) could create unemployment when the demand for labour decreases?
What steps can we take in our workplaces (now or future) or businesses to improve equity?
Again, how much of this topic's discussions are new to you? Do you think the situation is getting better for your identity group? Why or why not? What steps can we take in our workplaces (now or future) or businesses to improve equity?
An annual interest of 5.56% is paid on a bank account. Interest payments are made every four months. What is the simple annual interest rate? Enter your answer in percentage points and round to two decimal places, your answer is e.g. 7.2614% answer i
In year one, the GDP deflator is 100 and in year two 110. If nominal GDP in year two is $300 ...
In year one, the GDP deflator is 100 and in year two 110. If nominal GDP in year two is $300 billion, what is real GDP for year two? A) $200 billion. B) $100 billion. C) $272.73 billion. D) $220 billion.
Enron was an infamous energy company in the US. Read this article https://www.theguardian.com/business/2005/feb/05/enron.usnews and use the Enron example to explain how deregulation helped profits in the Neoliberal SSA. (Enron is also the subject of
Flexible exchange rates are supposed to prevent long-term trade deficits.
Flexible exchange rates are supposed to prevent long-term trade deficits. Outline the process through which this is supposed to happen. Yet, the US has run persistent deficits starting in the early 1990s. What is it about the US that has prevented th
This video from The Simpson's https://vimeo.com/72381720 makes fun of Jimmy Carter, US president in the late 1970s (1977-1981). What is "malaise?" Use the SSA of regulated capitalism to assess whether Jimmy Carter is to blame.
Use the concepts of the capitalist-worker relationship and aggregated demand to explain whether unions would generally favour government deficits or surpluses.
Sandy's uncompensated demand for candy is given by the equation Q = 15/p, where Q is the quantity ...
Sandy's uncompensated demand for candy is given by the equation Q = 15/p, where Q is the quantity of candy and p is the price. When the price of candy rises from $1 to $3, the change in consumer surplus is A) $16.5. B) -$20. C) -$
a) Who has an absolute advantage in pulling weeds? b) Who has an absolute advantage in cleaning the house? c) Who has a comparative advantage in pulling weeds? d) Who has a comparative advantage in the house? e) Draw their joint p
a) i) State whether the following statement is True, False, or uncertain: Given the information in the table, an efficient division of labour would have Peter and Mary alternate (take turns) cooking dinner and washing up. ii) Explain your a
