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votes
1answer
376 views

Methods of reducing the natural rate of unemployment?

How might a government or business attempt to reduce the natural rate of unemployment? Is it just supply side policies or does anyone have anything more sophisticated?
-1
votes
1answer
55 views

asset-pricing problem

Consider the utility function $ν(c_1, c_2) = u(c_1) + \beta u(c_2)$, $0 < \beta < 1$, defined for $c_1 ≥0$ and $c2 ≥0$. Assume $ν′(c)>0$ and $ν′′(c)<0$ for all $c>0$ ; if you like, you ...
-1
votes
2answers
660 views

Is the law of demand violated in the case of perfectly elastic demand?

In the case of a perfectly elastic demand curve, when price rises the consumer is said to demand 0 units of the said commodity. However, graphically, even when price falls demand falls to 0. This ...
-1
votes
1answer
50 views

Random Draft Allocation: Nash Equilibrium? [closed]

I would like to find the Nash equilibrium of the following allocation problem. There are 3 courses and 3 students. Each student has to take 2 courses, and each course has a capacity of 2 seats. ...
-1
votes
1answer
25 views

Is it possbile central banks are outside of books getting money from deflation? [duplicate]

Is it possile that central banks are secretly stealing from the economy by printing money when the the dollar deflates, so the dollar stay the same value and nobody notice it? What if the dollar ...
-1
votes
1answer
30 views

Where did Hayek say knowledge is the ability to learn?

If I'm not mistaken, in some work Hayek mentions that knowledge as he means it consists not so much in the awareness of facts as in the ability to learn. It may have been in a passage concerning ...
-1
votes
1answer
65 views

How can I achieve better standard error values in Stata?

I am struggeling to find the specific commands to achieve lower standard errors within simple regressions. I would be thankful for your help.
-1
votes
1answer
563 views

Monopoly and competitive output levels

Why do markets that are dominated by a single seller have a tendency to maximize profits at lower levels of output than their competitive counterpart? Why is the competitive market equilibrium price ...
-1
votes
1answer
88 views

What should the Euro regulators look for and monitor to prevent a Euro crisis? [closed]

What should the Euro regulators look for and monitor to prevent a Euro crisis?
-1
votes
1answer
105 views

Strong Austrian arguments against copyright

For many years, I held a strong position against the copyright based on the effects of enforcing copyright on freedom of speach in the internet. However, recently I read Rothbard's Man, Economy, ...
-1
votes
1answer
105 views

What are the differences on the impact of a universal basic income from a liberal and a keynesian point of view?

A classmate asked me this and I have no idea how to approach the question. How would I even describe the effects of the universal basic income on the labour market from a Keynesian point of view?
-1
votes
1answer
46 views

Is there anything wrong with the idea that resource depletion causes recessions? [closed]

Just wondered if anyone has considered this. And any problems with the idea. Such as another theory.
-1
votes
1answer
128 views

Can Ramanujan Sum : 1+2+3+4+5+… = -1/12 be used to explain some results in macro-economics? [closed]

In this youtube video the speakers present a line of reasoning as to why $$ \sum_{n=1}^\infty n = -\frac{1}{12} $$ in other words $$1+2+3+\cdots=-\frac{1}{12}$$ and my brain still hurts. It ...
-1
votes
1answer
468 views

The perception of the effects of government spending within the political world

Econ 101 teaches that government spending comes with a multiplier effect, yet whenever anyone in an election wishes to raise the size of government by even 0.5%, the right starts screaming the world ...
-1
votes
1answer
72 views

Microeconomic Q on Total Revenue for Producer after Excise Tax [closed]

I had a question on how an excise tax per unit of good produced for a producer would affect total revenue for a producer of that good. The graph is that supply is perfectly elastic (horizontal) and ...
-1
votes
2answers
489 views

Log relative price index - calculation question

I have US CPI prices & Canada CPI prices (where US is my base). I am trying to calculate the 'log relative price index'. Do I log the individual CPI prices first then calculate log Canada CPI/log ...
-1
votes
1answer
34 views

Multinomial logit with an rct [closed]

If I'm running a randomized control trial, and the regression model I'm looking at is a multinomial logit, what would my specification be? I.e. what would the equation look like? Some dumbed-down ...
-1
votes
1answer
103 views

Budget constraint when one of the goods can be sold

I'm studying for a microeconomics midterm and ran across the following question: A person consumes two goods, X and Y. The consumer's only source of income is given by the quantity of Y equal to ten,...
-1
votes
1answer
45 views

Integer values in difference equations

In difference equations, the time variable $t$ can only take integer values. Does this imply that the variable $y_t$ must be considered a discrete variable?
-1
votes
1answer
952 views

Profit maximisation and cost minimization [closed]

Does profit maximisation always imply cost minimisation ? And Does cost minimization always imply profit maximisation ? Can we prove both the results ??
-1
votes
2answers
54 views

what mathematical function we can use to show house price changes in time? [closed]

I want to know if I have data of house prices of an area in time, what mathematical function will best fit it's graph? Or in other word, what function I could use that in time $t$, $f(t)$ will be a ...
-1
votes
1answer
160 views

If the price of a good rises, will the demand always fall?

If the price of a good or service rises, the demand for that product will always fall? Apart from Giffen goods and luxury are there any other cases and what economic analysis supports or argues with ...
-1
votes
1answer
140 views

Utility Maximization [closed]

Assume the utility function is $u(x,y,z)=y*min[x,z]$. The prices of all three goods are equal. The agent has an amount $M$ to spend on the goods. He has to choose one of the following schemes: A) Get ...
-1
votes
1answer
46 views

Statistics: Understanding confidence interval [closed]

In R I have used lm()to fit a model. Then I use the confint() function to learn more about the slope. How to I understand the ...
-1
votes
1answer
883 views

the difference between cobb-Douglass and leontief production technology [closed]

whatis the differences between cobb-Douglass and leontief production technology
-1
votes
1answer
367 views

What consumer preferences exhaust the budget?

Suppose that a consumer has a complete and transitive preference relation over R+. Further suppose that the consumer faces prices p = (p1,p2,...,p) 0 and has ...
-1
votes
1answer
32 views

Put option valuation [closed]

Does a European put have different fair values at time 0 in long and short position? If so, could you explain to my why? Instinctively, I think the answer is that there is no difference, since ...
-1
votes
1answer
40 views

How is short-term borrowing by banks in the US performed?

I read a statement that one reason for persistent demand for US Treasuries is that US banks buy them because they can be used as collateral for acquiring short-term debt. I don't understand this. If ...
-1
votes
1answer
1k views

Slutsky and Hicks approach in calculating SE, IE. Differences and interpretation [closed]

Level: Ungrad, Micro I have a task, http://imgur.com/a/JT4zB I have done some questions. While I can't understand the differences between Slutsky and Hicks approach. I get it theoreticaly, but I don'...
-1
votes
1answer
51 views

As elasticity moves from negative to less negative, this causes prices to increase and profits to increase

Is there an intuitive way to understand why this is so. I want this explained in a layman's terms. I know negative means they are inversely related, which is what you would expect most items to follow....
-1
votes
1answer
234 views

Consumer Theory (Finding demand function) [closed]

Here's the question that I really need help with: $$U(x,y)=(x^{0.5})+y$$ $MUx=\frac{1}{2x^{0.5}}$ and $MUy=1$, where $x$ is food, $y$ is clothing $Px$ is the price of food, $Py$ is the price of ...
-1
votes
1answer
15k views

How do you know if a good is a complement or a substitute from given demand and supply functions? [closed]

QD1 = 190 - 2P1 - 2P2 QS1 = - 10 + 2P1 QD2 = 240 - 2P1 - 4P2 QS2 = - 40 + P2 Are these goods substitutes or complements?
-1
votes
1answer
6k views

Calculate deadweight loss from cost and inverse demand function in monopoly [closed]

Consider a monopolist with inverse demand p = 200 - 2*q. The firm's total cost function is C(q) = 100 + 20*q. What is the deadweight loss of monopoly? To my understading, since we don't have any ...
-1
votes
1answer
95 views

Housing bubble and financial crisis [closed]

Can anybody explain me easily what is housing bubble and how it cause financial crisis?
-1
votes
2answers
2k views

We know that an equal and simultaneous increase in G and T will cause…?

My textbook says GDP will increase because all of the tax money will go into G, whereas only part of income goes into C. However, since savings = investment, wouldn't an increase in taxes (and ...
-1
votes
1answer
815 views

Series 2013 US dollar bills [closed]

it's 2015 now but still, I can't find any USD bills of 2013 series. All my bills are 2009 series (not even 2009A series). I'm looking for 100 dollar denomination. what's the latest series for USD ...
-1
votes
1answer
1k views

Estimate total variable cost function (TVC) and average variable cost function (AVP) from marginal cost function (MC)

I need to estimate the function expressions for $TVC$ and $AVC$ from the $MC$ function for different amounts of quantity $(Q)$ From the solutions I have, that For $Q \leq 50$ $MC1(Q) = -Q + 100$ $...
-1
votes
1answer
152 views

Savings and investment relation to interest rate, loanable funds theory, paradox of thrift [closed]

HOw can it all be linked? I think I know but I am only a fresher so.
-1
votes
1answer
94 views

Proving government expenditure crowds out private consumption [closed]

Please help as I am not able to solve either parts.
-1
votes
1answer
1k views

What are the fundamental theorems of welfare economics? [closed]

All of welfare economics is based on some theorems, some of which I can remember, but I am looking for a comprehensive list.
-1
votes
0answers
2 views

Example which violates weak pareto and non dictatorship

Can you give an example of a social choice rule and a social welfare function that violates the conditions of Weak Pareto criterian and non dictatorship simultaneously?
-1
votes
0answers
20 views

Derive the asymptotic distribution

Let $x_1, ..., x_n$ and $y_1, ..., y_n$ be two independent random samples from $X$ and $Y$. We have $µ_X = E (X ) > 0, µ_Y = E (Y ) > 0$ and $σ^2_X = Var (X )$ and $σ^2_Y = Var (Y )$. Derive ...
-1
votes
0answers
23 views

capital vs. labor allocaton

How does the balance between resorces alllocated to capital vs. labor impact GDP growth; if there is a relationship is it linear. what are the consequences to gdp growth of excess capital (current ...
-1
votes
0answers
9 views

Effects of Increase in Total Factor Porductivity in labor, asset, and money markets [on hold]

What is the effect of a decrease in current total factor productivity, z. Determine the effects this shock will have on output, investment, consumption, employment, real wage, real interest rates, ...
-1
votes
0answers
10 views

Households and Capital Accumulation Problem Set Up

I have to set up the competitive equilibrium for this economy, and am given the following information: The household directly owns the capital stock and makes the investment decisions. And has a ...
-1
votes
0answers
14 views

utility derivation for a non Cobb Douglas function, find hicks and Marshall demands [on hold]

I am having troubles answering to these following questions since the utility function is not a Cobb Douglas function, I am not sure about the results I need to find fo Hicksian and warlasian demand ...
-1
votes
1answer
24 views

Q: Determining Consumer Price Preferences

I have a homework question that I simply cannot make sense of: Points A and B are two bundles on the same indifference curve for an individual. At bundle A, $q_1 = 16$, $q_2 = 1$, and the $\mathrm{...
-1
votes
1answer
17 views

How to maximize total revenue on constant elasticy curve

So to maximize total revenue, we sell at the price on the demand elasticity curve where elasticity=1 right? Lets say on one curve, the elasticity throughout the curve is equal to 1.5? How much should ...
-1
votes
0answers
48 views

Pure strategies in Game theory

im really lost and spent ages trying to understand this: what is the exact definition of a pure strategy in game theory? how can one find/identify a pure strategy in a pay-off matrix? i.e. what ...
-1
votes
0answers
28 views

How to draw the graph of $ u(x) =min\{x_{1}, x_{2}\}$ and $ u(x) =max\{x_{1}, x_{2}\}$?

Given the utility function $ u(x) =min\{x_{1}, x_{2}\}$, and $ u(x) =max\{x_{1}, x_{2}\}$, I know that the indifference curves look like an L shape and inverted L-shaped, respectively. However, I don'...

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