... number of births is temporarily high. How does this baby boom affect the price of baby-sitting services in 2010 and 2020? (Hint: 5-year-olds need baby-sitters, whereas 15-year-olds can be baby-sitters.) 7. ... Falls Price of Ice-Cream Cone Quantity of Ice-Cream Cones 0 New equilibrium Initial equilibrium S 1 D 1 D 2 S 2 Q 1 Q 2 P 2 P 1 (a) Price Rises, Quantity Rises Price of Ice-C...
Ngày tải lên: 15/12/2013, 11:15
... elastic) Quantity of Apartments 0 Supply Controlled rent Shortage Rental Price of Apartment 0 Rental Price of Apartment Quantity of Apartments Demand Supply Controlled rent Shortage Demand Figure 6-3 R ENT C ONTROL ... Binding $4 3 Quantity of Ice-Cream Cones 0 Price of Ice-Cream Cone 100 Equilibrium quantity (b) A Price Ceiling That Is Binding $3 Quantity of Ice-Cream Cones...
Ngày tải lên: 15/12/2013, 11:15
Tài liệu Ten Principles of Economics - Part 54 docx
... follow a buy-and-hold strat- egy: They buy the stock of well-run companies, hold it for long periods of time, and do not respond to the daily fluctu- ations reported in the paper. Name of company Symbol ... Intel stock is a part owner of Intel; the owner of an Intel bond is a creditor of the corporation. If Intel is very profitable, the stockholders en- joy the benefits of the...
Ngày tải lên: 15/12/2013, 11:15
Tài liệu Ten Principles of Economics - Part 55 docx
... behavior of people who want to save (the sup- pliers of loanable funds) and the behavior of people who want to invest (the de- manders of loanable funds). We can now use this analysis of the market ... income. To see the effects of this policy, consider a 25-year-old individual who saves $1,000 and buys a 30-year bond that pays an interest rate of 9 percent. In the absence of...
Ngày tải lên: 15/12/2013, 11:15
Tài liệu Evaluation of Functions part 9 docx
... Approximation 191 Sample page from NUMERICAL RECIPES IN C: THE ART OF SCIENTIFIC COMPUTING (ISBN 0-5 2 1-4 310 8-5 ) Copyright (C) 198 8-1 99 2 by Cambridge University Press.Programs Copyright (C) 198 8-1 99 2 by ... Approximation 193 Sample page from NUMERICAL RECIPES IN C: THE ART OF SCIENTIFIC COMPUTING (ISBN 0-5 2 1-4 310 8-5 ) Copyright (C) 198 8-1 99 2 by C...
Ngày tải lên: 24/12/2013, 12:16
Tài liệu Ten Principles of Economics - Part 19 docx
... States would not tolerate the “flooding of our markets” with low-cost goods from Asia and Rus- sia, particularly steel, that are threaten- ing the jobs of American workers. The President’s statement ... November 11, 199 8, pA1. IN THE NEWS Life in Isoland 190 PART THREE SUPPLY AND DEMAND II: MARKETS AND WELFARE Isolandian price of steel and the world price. Their surplus equals this...
Ngày tải lên: 24/12/2013, 17:15
Tài liệu Ten Principles of Economics - Part 72 docx
... of October to 6.6 percent at the end of the month. In part because of the Fed’s quick action, the economy avoided a reces- sion. While the Fed keeps an eye on the stock market, stock-market participants also ... small part of household wealth, the wealth effect is the least impor- tant of the three. In addition, because exports and imports represent only a small fraction of U....
Ngày tải lên: 24/12/2013, 17:15
Tài liệu Ten Principles of Economics - Part 25 docx
... PERSON OF SPENDING Education $ 399 $1,506 33% Public welfare 197 743 17 Highways 79 298 7 Other 518 1 ,95 5 43 Total $1, 193 $4,502 100% SOURCE : Economic Report of the President, 199 9, table B-86. CHAPTER ... 44,300 20.3 16 13 Fourth 68,200 23.1 20 19 Highest 174,000 29. 1 49 59 SOURCE: Congressional Budget Office; estimates are for 199 9. 254 PART FOUR THE ECONOMICS OF THE PUBL...
Ngày tải lên: 21/01/2014, 23:20
Tài liệu Ten Principles of Economics - Part 31 docx
... explain the reason for each. Quantity of Output Average total cost 0 Cost Figure 1 5-1 ECONOMIES OF SCALE AS A C AUSE OF MONOPOLY. When a firm’s average-total-cost curve continually declines, the ... SUPPLY CURVE We have been discussing the behavior of competitive profit-maximizing firms. You may recall from Chapter 1 that one of the Ten Principles of Economics is that ratio...
Ngày tải lên: 21/01/2014, 23:20