# All Questions

11,965 questions
Filter by
Sorted by
Tagged with
6 views

### Microeconomics Price elasticity of demand [closed]

(a) What are the price elasticities of demand at points A and B? What are the elasticities at different points on the demand curve? (b) What happens when B approaches A or vice versa? Point A is (Q=2, ...
209 views

6 views

### How to calculate price of intermediate product? [closed]

If a firm is divided into a marketing division, involved in the production of a final product which uses an intermediate product produced by a production division. The demand function for the final ...
23 views

### Confused why GDP/GDP growth is a good measure

I am just a lay person confused about why GDP is a good measure. For example, in the news, it is always reported that GDP grew in the last quarter etc., or China is the only country experiencing GDP ...
14 views

### How to explain the significant levels change when adding interaction variables?

@1muflon1 has a great explanation regarding the interaction variable meanings when I want to compare the laws' effect on firms' asset growth between developed and developing countries. Today, when ...
66 views

### Did Adam Smith Support a Central Bank?

Does Adam Smith and Capitalism support a Central Bank/Federal Reserve? I am trying to read through the book "Wealth of Nations" to understand. Having a central/regulatory figure dictate ...
1k views

### Do privately owned banks ever indefinitely lend money to their owners?

By privately owned bank, I mean specifically a bank that is not registered as a corporation with publicly tradable shares. Does it ever happen that such banks create money by lending it to their own ...
2k views

### What is the purpose of the local non-satiation assumption in the first welfare theorem?

The profit maximization assumption implies $$\text{if } x_i \succ x_i^* \text{ then } p_ix_i > p_i w_i$$ Okay so this just says if the agent is utility maximizing / rational, then if he doesn't ...
20 views

### What theory fits?

IO & game theory friends, I am thinking about a setup where there is many buyers and a decent number of sellers (they have pricing power). Goods and buyers' preferences are homogeneous and known. ...
68 views

### How do you calculate the contribution of each factor of production to the value of the final product?

How do I determine how much value that capital, labor, and land individually contributed to the value of a firm/good? Like what % of value came from capital vs labor vs land? I heard that this is ...
63 views

### What is an 'economic reason'? in relation to marriage?

I'm taking a economic course over the break and with no prior experience with economics, I'm struggling with coming up ideas for a prompt in relations to why people marry. I thought the idea of ...
33 views

### Frequency and time of a time series suddenly changed, are usual methods valid

I have a time series data that used quarterly information on a variable, but has now shifted to bi-monthly releases, from September 2008 to July 2021. This is a survey based measure, released at the ...
53 views

### Has there really been a 170% increase in M1 money supply in the US in February 2021?

tradingeconomics shows an M1 money supply of the past year as follows: This suggests an unusually high increase of ~170% in February 2021. Is this increase real or somehow an artifact of the way the ...
19 views

### Why in neoclassical growth model K* is always to the left of K gold?

In the phase diagram of the Ramsey model, the steady-state capital per capita is always to the left of the golden rule capital per capita. What does this mean? Why does this always happen?
My problem. Consider the following auction for a single object. There are $n \geq 2$ bidders. They submit their bids simultaneously. The object is allocated to the player who submits the largest bid. ...