1. Identify each of the following topics as being part of microeconomics or macroeconomics: (1). th

Assume that the demand for CDs is represented by the equation P=22-0.25Q and the supply by the equat… Show more Assume that the demand for CDs is represented by the equation P=22-0.25Q and the supply by the equation P=6+0.75Q. a) what is the equilibrium price and quantity? what is the total welfare? b) assume that the government taxes the record companies $4. what is the equation of the new supply curve? c) what is the new equilibrium price in the market? what price do consumers pay for CDs? at what price do suppliers produce CDs? how many CDs are transacted? d) what is the governments revenue from implementing the tax? e) what is the dead weight loss and welfare with the tax? did the tax increase or decrease welfare relative to question A? explain and show. an answeer to this problem would be greatly appreciated!!!!!!!!!! • Show less

Need help please. even how to start would be appreciated.

Suppose First Main Street Bank, Second republic bank, and third fedelity bank all have excess reser… Show more Suppose First Main Street Bank, Second republic bank, and third fedelity bank all have excess reserves. The required ratio is 25%. The Federal Reserve buys a government bond worth $900,000 from Akshay, a client of First Main Street Bank. He deposits the money in his checking account at First Main Street Bank. On the Assets side of First Main Street Bank’s balance sheet (before the bank makes any new loans), this (increases/decreases) First Main Street Bank’s (reserves?) by ($1,800,000/ $900,000 /$675,000 or $225,000). On the Liabilities side First Main Street Bank’s balance sheet, (increases/decreases) Fist Main Street Bank’s (checking account deposits) by ($225,000/ $675,000/$1,800,000/$900,000). Because the required reserve ratio is 25%, the $900,000 deposit (increases/decreases) First Main Street Bank’s excess reserves by ($337,500/$450,000/$675,000/$0), and (decreases/increases) First Main Street Bank’s required reserves by ($225,000/$450,000/$900,000,$1,125,000) Now, suppose First Main Street Bank loans out all of its new excess reserves to Eileen, who immediately uses the finds to write a check to Darnell. Darnell deposits the funds immediately into his checking account at Second Republic Bank. Then Second Republic Bank lends out all of its new excess reserves to Patrick, who write a check to Hannah, who deposits the money in her account at Third Fidelity Bank. Third Fidelity lends out all of its new excess reserves as well. Bank (First main bank) (Second main bank) (Third Fidelity) Inc. in checking account Deposits (First main bank) (Second main bank) (Third Fidelity) Increase in Required Reserves (First main bank) (Second main bank) (Third Fidelity) Increase in Loans (First main bank) (Second main bank) (Third Fidelity) Assume this process continues, with each succesive loan deposited in a cjecking account and no banks keeping and excess reserves. Under these assumptions, the $900,000 injections into the money supply allows banks to make ($2,700,000/$3,600,000/$360,000/$22,500,… in new loans of ($2,700,000/$3,600,000/$360,000/$22,500,… in checking account deposits. • Show less

According to FTC guidelines, would the US government challenge the merger of the firms with the 7% a… Show more According to FTC guidelines, would the US government challenge the merger of the firms with the 7% an 4% shares? • Show less

use game theory to explain why cartels are unstable. Not sure if the image helps at all but it is pa… Show more use game theory to explain why cartels are unstable. Not sure if the image helps at all but it is part of a series of questions. • Show less

If the two players were to play this game repeatedly for an indefinite number of times, what outcome… Show more If the two players were to play this game repeatedly for an indefinite number of times, what outcome would you expect? Why? • Show less

If the game is only played once, what outcome would you expect? why?

Does the game have nash Equilibrium? What is that equilibrium?

Are there cases where a monopoly might not be so bad? (give at least one example where monopoly po… Show more Are there cases where a monopoly might not be so bad? (give at least one example where monopoly power has some benefit compared to a competitive market) • Show less