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The value of CPI in April 2009 was 113.9 and in April 2008 it was 113.5.
a. Calculate the rate of inflation during that one year expressed in percentage terms.
b How much is the CPI in the base year?
c. Calculate the rate of inflation during the year ending in April 2008.
Explain why marginal cost curves slope downward as firms increase their output from "0”; but, eventually, as output continues to expand, marginal cost curves slope upward and ultimately become vertical.
How would the results differ due to the fact that most physicians are reimbursed based on fee schedules derived from UCR or RBRVS calculations?
The relationship between sticky input prices and flexible output prices explains:
Professor Uptite likes students in his class to be highly participating, fast thinker and very solution oriented. Does Uptite prefer Cherelle to Shivana or vice versa? Does Uptite prefer Shivana to Leela or vice versa? Does Uptite prefer Cherelle to ..
Did you find any of them to be more salient than others in terms of describing your decision-making, or the decisions-making tendencies of people you know? Are
In a monopolized industry, the demand function has a constant elasticity: q = D(p) = p−ε where ε > 1 is the elasticity of demand. Marginal cost is constant and equal to c. (i) Show that a social planner (or a competitive industry) would yield a total..
Shifts in the Aggregate Supply Curves a. List and discuss the things that will make the Short Run Aggregate Supply curve shift to the left or to the right. Illustrate. b. List and discuss the things that will make the Long Run Aggregate Supply curve ..
Hank Yoon is the economist in a competitive market. The market price is $35 per item. The total cost equation is C(Q) =10 +2Q+0.5Q^2, and MC = 2 + Q. What level of output of items should you produce in the short run? You are the project executive of ..
In this discussion, you will compare and contrast monetary and fiscal policies. Consider two recent national crisis points: 9/11 and the banking failures of 2008. Was fiscal or monetary policy more immediately responsive to each crisis? Why? Was fisc..
The exchange rate between the dollar and the euro is one dollar to .8 euro (€). The price of a Mercedes is € 45,000; the price of a similar size Cadillac is $38,000. What is the euro price of the Caddy? What is the dollar price of the Mercedes?
A merger will likely lessen competition if
Matt runs a small business selling donuts. He knows that daily revenue as a function of selling p is R(p)=180p-7.5 p^2 and daily cost in producing donuts is C(p
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