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The table below includes data for a one-year period required to calculate GDP from the expenditure side. What is the value of GDP?
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The demand and supply for Q are given, respectively, by: Q = 500 - 20P (DEMAND) Q = -100 + 10P (SUPPLY) Suppose the government enacts a deficiency...
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the questions are about the production function and its properties. 1. why must MPN(Marginal Product of labor) always be positive? 2. why must the
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John is the Southwestern Regional Manager for the National Forest Service and has to make decisions about how many rangers (R) to hire and how many...
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Angie is an avid ornithologist who enjoys birdwatching on the trails in a nature preserve near her house in Boulder, Colorado. For Angie, birds are a...
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The short-run supply curve is the A. marginal cost curve above the break-even price. average variable cost curve above the shut-down price. marginal...
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ee that investment credit reduce the price of capital, so does it help create more jobs or does it provide better business for owners, why or why not?...
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A firm chooses between two production technologies for a new product line. Technology 1 has total costs of production: ????1 (????) = 100 + 10???? +
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Robot is a computer repair shop in New York City.
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describe the economic logic behind the theory of purchasing-power parity.?
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Summarize in a few sentences what you understand from the following statement: “There are overall gains from trade”.Discuss what might be negative consequences of globalization and international t
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quot;1. In your own words define how public policy decision makers assess performance, and how business leaders formulate effective competitive...
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Qd=60-2px+0.01M+7Pr 1) What is the demand function for good X? Suppose the supply function is Qx=-600+10Px 2) What are the equilibrium price and
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Let MAC1= 100-10e MAC2= 50-10E graph each function and compute aggregate MAC. Let MD=30E compute socially eff equilibrium.
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____________Nicole D. _______________________ ECO 121 (Macroeconomics) Test 4, Fall 2012 Questions 1 to 40: Do all 40 questions (Two and one-half...
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) Using the long-run model discussed in chapter 3, suppose you're given the following information: The consumption function is given by C = 50 + 0.6...
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if real GDP is $6000.00 the money supply is $4000.00 and the price level is 2 then velocity is what?
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For a particular good, an 8 percent increase in price causes a 12 percent decrease in quantity demanded. Which of the following statements is most
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In your city, there are currently three firms providing oil changes. For each firm, there is a fixed cost of $100 per day and a marginal cost of $12...
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If the price elasticity of demand is equal to 1, then demand is unit elastic.
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1. When computing GDP, we make an adjustment whereby we add any increase in inventories to the value of goods and services sold. Why do we make this
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DIAGRAM THE EFFECT OF EACH OF THE FOLLOWING ON U. INTEREST RATES. An increase in the expected rate of economic growth in the United States.
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Waterfront homes have an inelastic supply and electric scooters have an elastic supply. Suppose that a rise in population doubles the demand for...
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Which of the following is NOT a determinant of suppy a) technology of production b) expectations regarding future prices c) the cost of production d)...
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Suppose the following table reflects the domestic supply and demand for compact disks (CDs).
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-suppose a stadium can hold 30,000 people for a soccer match.
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Bank Failures Despite the regulations that protect banks from failure, some do fail. Go to www2.gov/hsob/ Select the tab labeled "Bank Failures".
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(5 points) The US Navy is building an aircraft carrier. Price: $12 billion. There are about 300 million people in the US.
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As soon as possible, thank you 1. Discuss the idea of external benefits in funding an education in the arts versus engineering or business 2.
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Read the article : https://docs.google.
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The variables used to measure the economic growth is the labor and capital and the productivity. The amount of labor is measured by the number of...
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Total Costs for a firm are given by: TC = 3Q 2 + 5Q. Marginal Costs for that same firm are given by: MC = 2*3Q + 5.
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A bank that is charter from a state government is called a state bank. They are required to obtain FDIC insurance, but they are not required to...
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Firms maximize profits Profit = Total Revenue = TR Profit = TR - TC At what level of output is profit max? So lets use MC=MR! Profit = TR - TC At
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Calculate the equilibrium price and quantity that will prevail under a completely free market. Calculate the price elasticities of supply and demand...
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If actual GDP is less than potential GDP, then the actual unemployment rate is?
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austin's auctions conducts online auctions on behalf of clients trying to dispose of liquidated dental laboratory equipment.
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Break even method Question: The Maximus Mint Company (MMC) each year sells specially made sets of commemorative coins to the general public and coin...
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"Competition in quality and service may be just as effective as price competition in giving buyers more for their money." Do you agree? Why?
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At an oral auction for a lamp, half of all bidders have a value of $50 and half have a value of $70. What is the expected winning bid if there are
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Define economics. explain briefly how the economic way of thinking-interms of rational, self interested people responding to incentives- relates to...
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Most Keynesians believe that it is more likely that an economy will self-regulate itself out of an inflationary gap than a recessionary gap. Why?
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If for an income of $40,000 you pay taxes of $4,000, your average tax rate is 25%. is this true or false?
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Under the U.S. federal income tax system the lowest income earners pay the highest percentage of income to the federal government. is this true or
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Public schools in the U.S. get most of their funds to operate from corporate income taxes. is this true or false?
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Coke and Pepsi are complementary goods or substitute goods?
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In a pure capitalist system where free markets exist, freedom of enterprise and freedom of choice exist.
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Assume that the quantity of apples is measured on the horizontal axis and the quantity of oranges is measured on the vertical axis.
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Compare the elasticity of a monopolistic competitor's demand with that of a pure competitor and a pure monopolist.
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Research the topic of waste reduction and identify a company that has proactively reduced the waste associated with its products. You can take examples from your own work experiences or from other rea
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