What's The Deal, Dirk?
Need help with an econ topic? Browse previously answered questions.
Students' Questions Answered by Dirk |
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3. is correct since Sergio is doing LESS studying - LESS is an incremantal change at the margin. ... more
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Efficiency means doing something at the lowest possible cost. For the firm that means operating ... more
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Actually, it has an economic profit of zero and a positive accounting profit. The difference occurs ... more
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Try thinking of your car. If you decide to keep your old car (because it still runs) when you'd ... more
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Good question. There is no simple answer. Confidence is a hugely important aspect ... more
- Asked by Chris B. from Silverton HS
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I'm glad you found my webpage. The income effect refers to the purchasing power of your ... more
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Since the increase in inflation is expected this has no affect on the real rate of interest but ... more
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Monetary policy, like fiscal policy, has short-term and long-term impacts. The immediate impact ... more
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I don't find these two to be inconsistent at all. Costco has been very profitable and it has ... more
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My tip is to work with the data. I discourage my students from trying to memorize formulas. I assign ... more
- Asked by Geoff B. from Mount Royal University
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