Tài liệu Ten Principles of Economics - Part 31 docx

... 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 rational people think at the ... by competition, the outcome in a market with a monopoly is often not in the best interest of society. One of the Ten Principles of Economics in Chapter 1 is that governments...

Ngày tải lên: 21/01/2014, 23:20

... 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

... 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 these profits, whereas the ... to the profits that the firm makes. For example, if Intel sells a total of 1,000,000 shares of stock, then each share represents owner- ship of 1/1,000,000 of the business. The...

Ngày tải lên: 15/12/2013, 11:15

... are often skeptical of this second argument. With thousands of money managers paying close attention to each company’s prospects, the price of a company’s stock is usually a good reflection of ... U.S. policymakers view the low level of U.S. saving as a major problem. One of the Ten Principles of Economics in Chapter 1 is that a country’s standard of living depends on it...

Ngày tải lên: 15/12/2013, 11:15

... 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 ... force here that may lead to a softening of the Russian position: namely Russian consumers. Russian consumers favor the Amer- ican birds, which despite the dire warn- ings of the Russia...

Ngày tải lên: 24/12/2013, 17:15

... 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 ... tightening of monetary policy risks pushing the economy into a recession, which reduces profits. As a result, stock prices often fall when the Fed raises interest rates. 736...

Ngày tải lên: 24/12/2013, 17:15

... groups of equal size, called quintiles. The second column of the table shows the average income of each group. The poorest one-fifth of fam- ilies had average income of $9,880; the richest one-fifth ... aware of the administrative bur- den of the tax system. Small firms must comply with many of the same laws as large ones. Yet, because of their size, compliance can take a mu...

Ngày tải lên: 21/01/2014, 23:20

... universities’ envi- able cartel position has been damaged by the unenlightened Justice Depart- ment, which argued that the price-setting meetings were a violation of antitrust laws. Since most of the universities ... be negative? Explain. 4. Draw the demand, marginal-revenue, and marginal-cost curves for a monopolist. Show the profit-maximizing level of output. Show the profit-maximizin...

Ngày tải lên: 21/01/2014, 23:20

... ideas of many of the best economists of the twentieth century: from the Phillips curve of Phillips, Samuel- son, and Solow, to the natural-rate hypothesis of Friedman and Phelps, to the rational-expectations ... economics profession offered two conflicting pre- dictions. One group of economists offered estimates of the sacrifice ratio and con- cluded that reducing inflation wo...

Ngày tải lên: 21/01/2014, 23:20