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Hypothetical Country has $130 in currency, $520 in reserves, and $910 in deposits. There are no excess reserves. Use this information to answer the following questions. Enter your answers in decimal form rounded to two decimal places.
Calculate the money multiplier.
Calculate the reserve ratio. Use decimal number as an answer.
Calculate money supply M1.
If a firm is able to cover its variable costs by operating in the short run then, at its best output level, the______.
what output level should you operate to maximize profit? What price should you charge? How much will the industry as a whole produce?
You spend $5000 on one year of culinary school tuition immediately after high school. The tuition is not refundable. After 3 months you want to go to college rather than continue culinary school. An economist would tell you that the cost of your cook..
Suppose that a monopoly producer of a patented software product (e.g. financialsoftware)faces the following demand function for its product: q^D = 1000 -2P. Now assume this market can be modeled as Perfectly Competitive. Determine and illustrate the ..
An MRI machine in a MD's office is MARCS 5-year property. It costs $258,679 and has an expectes useful life of 6 years, at which point, the salvage value is expected to be $2,753. Assuming MACRS depreciation, what is the book value at the end of 6 ye..
The Internet has enabled workers and companies to find each other more quickly and to make better matches with substantially lower costs. The result is: a. lower cyclical unemployment. b. lower structural unemployment. c. higher frictional unemployme..
ABC Slippers has the following production function for producing pairs of slippers: q = K L. Its input prices are pK = $80 and pL = $20. It faces a demand curve given by P = 25 – (q/100). a. For q=1024, fill out the following table for combinations o..
The purchase cost of a copy machine is $5,000. Each year it costs $1500 on maintenance. After 10 years it will be scra pped for a salvage value of $800. What is the equivalent uniform annual cost (EUAC) of this copy machine with an annual interest ra..
What does the high degree of effective control of the world economy by 'the corporate tribe,' along with the extreme concentration of personal wealth in the United States in the hands of the same individuals.
A monopoly is considering selling several units of a homogeneous product as a single package. A typical consumer’s demand for the product is Qd = 100 - 0.5P, and the marginal cost of production is $80. Determine the optimal number of units to put in ..
Super freakonomics chapter 3 Levitt and Dubner describe two studies, which provided empirical support for Gary Becker’s prediction that even family members would engage in what might be termed strategic altruism. Use marginal benefit-marginal cost an..
q.to keep gasoline expenses edith as well as mathew agreed to carpool jointly for traveling to as well as from work.
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