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A mathematical approximation called the rule of 70 tells us that the number of years that it will take something that is growing to double in size is...
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Give Q= 10L^1/4 K^1/4 P constant= 10, w constant=25, r constant=6.
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Identifies similarities and differences in Keynesian and classical economic thought.Describes how Keynesian and classical economists address the...
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suppose wandas widgets has a fixed proportions production function. it currently delivers 1000 widgets per month to its only customer.
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Suppose in a market the demand function is: QD=50-3P and the supply function is: QS=2P.
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A competitive equilibirum problem. A) Suppose that Cookie Monster's production function is given by zF (K, N d ) = z(K N d ) 1/2 with z = 16 and K =...
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1. Suppose household saving is $20, the government spending deficit is $4, and investment is $20. a. What is national saving? b. What are net
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Capital per capita Investment to capital ratio Output per capita kt it /kt yt t United States China United States China United States China 2 3 5 6
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True or False please explain 1 If the price elasticity of demand is higher in one market than in the other, the optimal pricing strategy is to charge...
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13. How much would you have to invest today at 8% compounded annually to have $25,000 available for the purchase of a car four years from now?
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Give a brief description/definition of, and the basic challenge of, Thomas Sowell's "constrained vision" of humans.
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1of25 Assume that the marginal utility from good x is 10 units and that the price of good x is $5 per unit. The marginal utility from good y is 15...
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In order for international corporations to determine the value of a transaction with another company, these corporations need to determine some sort
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EEP 100: PROBLEM SET 3(1) (T,F,U) When looking at an indifference map, one can tell that the preferences arehomothetic if the marginal rates of...
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Bob's Underground, a limited liability corporation specializing in new rap artists (B. LLC, rap) has the following demand function: Q = a + 123 +...
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7. This question asks you to analyze trade patters in the context of the Specic Factors model. Suppose the USA is engaging in world trade. There are
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I got this question incorrect from my last practice.Thank you!
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Insurance coverage has changed Quality change Treatments are very different (better more expensive) Overall, the costs are worth it (by a lot). But...
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Write a 700-1050 word paper on the U.
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1) draw a supply and demand graph where the demand curve is more inelastic than the supply curve.
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Robinson produces and consumes fish (F) and coconuts (C) using the technology F2 + C2 = 200. His preferences can be represented by the utility...
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A shopping center is considering paying $15,000 for a snow plow and blower, which will have a 5 year life, a negligible salvage value, and daily OM...
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suppose that the market demand curve for pasta is a straight line of the form Q=300-50P where Q is the quantity of pasta bought in thousands of boxes...
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suppose a company is deciding between four locations to place a factory. Differences in prices and infrastructure mean that the value of each...
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Producing 10,000 units of electric teapot requires $400,000 of prime costs, uses 1000 machine hours, and takes 1100 setup hours. The activity rates...
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ECONOMIC GROWTH For THIS ASSIGNMENT you will apply these concepts concepts such as GDP, unemployment, monetary and fiscal policy to CAPITAL ONE
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7. Do you think your offer was fair? _____ Yes ______ No 8. Given the results, if you could, would you change your offer? Roberta Calvet Can human
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1.If corporate income taxes increased from 23% to 28%, which of the following would be most impacted?
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Describe the economic logic behind the theory of purchasing-power parity (PPP). What factors might prevent PPP from holding true?
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Assume the government has a balanced budget and that the economy is experiencing a period of growth higher than predicted, tax receipts (collected)...
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Describe supply and demand in the market for loanable funds and the market for foreign currency exchange. How are these markets linked?
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In the economic analysis of supply and/or demand the variables of interest are not X and Y but instead Price (P) and Quantity (Q).
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Identify a particular industry (non-government) that meets the criteria for Pure Competition or Monopoly .
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a. How has the increase in trade affected real wages in the United States? b. What factors other than trade increases have affected real wages in the...
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If a country exports agricultural products and imports other kinds of goods but conditions within the country change so that the production of those
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(3 marks) Sharifah has the following utility function:
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'lnmcm r = - m. M 5m. . 7/. -... m mm ' .5. Ex. {y xfw Z m. mm..." . 3 . 9', , t4; ,4: m": m" wmmmwv I..." 1mm 1.." m 5.1... ram ,5..." 53;?
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In its 2012 Long-Term Budget Outlook , the Congressional Budget Office (CBO) reported "During the next decade alone, the number of people over the...
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Question 4. (10 points) A consumer has the utility function U(X,Y) = X0.6 Y 0. Her income is $9600 and she faces prices Px=8 and Py=12.
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Draw the supply and demand for desks. Illustrate the effects of an increase in the price of doors. Explain why the curve(s) moved as drawn.
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"An 83-year-old woman is placed at a small table in a dark corner of a trendy nightclub and is ignored by the staff.
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The Bethany College Athletic Department sells both football and basketball tickets to student fans.
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The general demand function for good A is Q d = 754 + 2P A - 0.
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(5 points) Consider the following information for a hypothetical economy: Total reserves (R) = $500 billion Currency (C) = $400 billion A.
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(a) The current inflation rate (in year 0) in an economy is 18% and the current unemployment rate is 6%. The natural rate of unemployment is 6%, the...
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Hello can you explain how I should present this qestion as an answer?
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L~_'__J r\II PIUUIG-uo u. v uvv. 1 Suppose you belong to a tennis club that has a monthly fee of $100 and a charge of $5 per hour to play tennis....
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1) Consider the following economy with an income-tax rate of 20% as well as fixed (or lump-sum) taxes of 50 and where the level of Government
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Using both the percentage and the mid-point formula, what will be the elasticity co-efficient if you use the percentage formula and the midpoint...
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Suppose that money supply unexpectedly increases to 4488. Using the AD-AS model calculate the short run and medium run impacts of such an increase in...
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