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A 15 foot ladder is leaning against a vertical wall and its base is on level ground. The bottom of the ladder is being pulled away from the wall at a rate of 4 feet per minute. At what rate is the top of the ladder descending when the top of the ladder is 12 feet above the ground?
Why might this legislation increase aggregate surplus? Why might it lower it?
Deluxe Carpeting a leading manufacturer of carpeting sold 28 million square yards of carpeting at a price of $16 per yard. This year, GNP per capita is expected to fall from $19,000 to $17,000 as the nation enters a recession. Deluxe expects that ..
d. What happens to the interest rate if the money supply increases from 20 to 30 e. What happens to the interest rate if nominal income increases by 10% f. If the Federal Reserve Bank wants to increase the interest rate to 12%. At what level should i..
Assume an open, mixed economy (C+I+G+X=real GDP) and an MPS of .4. Would it be expansionary, contractionary, or useless to the economy to increase government expenditures by $30 billion and also increase taxes by $30 billion.
You are a division manager at Toyota. If your Marketing department estimates that the semiannual demand for the Highlander is Q = 100,000 - 1.25P, what price should you charge in order to maximize revenues from sales of the Highlander
If the market price is $6 per bushel, what must happen to restore equilibrium in the market. Suppose the market price is $14 per bushel. Is there a shortage or a surplus in the market.
What happens if you estimate the wage regression similar to (10.12) in a world in which the source of disparity in schooling is differences in discount rates across individuals?
An injection-molding machine can be purchased and installed for $90,000. It is in the seven-year GDS property class and is expected to be kept in service for eight years. It is believed that $10,000 can be obtained when the machine is disposed of ..
Your money is tied up and you need to borrow $ 10,000. The following two alternatives are being offered by the lender: ( 1) pay $ 3,288.91 at the end of each year for 5 years, starting at the end of the first year
Could currency at least be eliminated? How? (Lest all this seem too unworldly, you should know that some people are beginning to talk of a "cashless economy" in this century.)
Suppose we are interested in bidding on a piece of land and we know one other bidder is interested.1 The seller announced that the highest bid in excess of $10,000 will be accepted. Assume that the competitor's bid x is a random variable that is u..
Under patent protection, a firm has a monopoly in the production of a high-tech component. Market demand is estimated to be: P = 100 - 0.2Q. The firm's economic costs are given by: AC = MC = $60 per component.
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