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Suppose that the economy of Autoland produces nothing but automobiles. Automobiles are made with tires, steel, and glass. The following activities were observed in 2012: A rubber importer sold $200,000 of rubber to a tire manufacturer. A tire producer sold $400,000 of tires to an automobile factory. An iron ore mine sold $1,500,000 of iron ore to a steel factory. A steel factory sold $2,000,000 of steel to a steel distributor. A steel distributor sold $3,000,000 of steel to an automobile factory. A glass factory sold $1,000,000 of glass to an automobile factory. An automobile factory sold $10,000,000 in automobiles to final consumers. Given these events, calculate the GDP of Autoland using a. the final goods approach. b. the value-added approach.
If average income increases from US$5,000 to US$5,500 and if technological advances reduce cost of catching fish from US$2,500 per ton to US$2,000 per ton, by ExplainING how much will annual catch exceed maximum sustainable fish catch.
Explain the concept behind the governments TARP program and the ensuing stimulus packages that were implemented.
Illustrate what way are entrepreneurs also businesses at the helm of the economy but commanded by consumers.
Walmart.com announced that it wants to be "the most visited, most valued online retail site." Suppose you were hired by an outside consulting firm to evaluate Walmart.com's potential to achieve this goal.
Assume the monopoly sells its goods in two different markets esparated by some distance. The demand curve in the first market is given by Q1=55-P1,and demand curve in second market is given by Q2=70-2P2.
Assume which, in the efficiency wage model, it becomes more difficult for the ?rm to distinguish high-ability workers from low-ability workers in the labor market.
Explain the steps that would be used to conduct a Benefit-Cost Analysis of a government policy to alleviate the problem.
The table elucidates how their possible production every month if both work the same number of 8 hour days. Which of the following statements is correct.
Extend this comparison by choosing a different point on this period's PPF and discuss whether that combination leads to more or less growth over the next period.
BP Oil is in the process of replacing sections od its Prudhoe Bay, Alaska oil transit pipeline. Illustrate what required return does the project become financially unacceptable.
Assume Microsoft chooses to produce 80 million copies of the software per year and sells copies of the software to retailers at $199 per copy.
Suppose you are a marketplace analyst specializing in theme parks also you're examining Disneyland's stock.
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