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An office building is valued at $1 million in 2019, which is 20% greater than its value in 2012. Using prices in 2012 as the base year, know that prices in the economy have grown on average by 1.35 times between 2012 and 2019.
Calculate the rate of inflation between 2012 and 2019.
American Girl doll has an inverse demand curve of P = 150 – 0.25Q, where Q measures the quantity of dolls per day and P is the price per doll. The marginal cost is given by MC = 10 + 0.50Q. What is the total surplus at the profit-maximizing output le..
What is the reverse paradox of thrift? Explain in your own words.
Suppose that the pre-tax price of gasoline is $1 per gallon. A tax of $0.50 is imposed and is paid by consumers to the government. What must the gross price of gasoline be after the tax so that the consumer tax burden is equal to the producer tax bur..
What will be the new degree of operating leverage for 18,500 units and 16,500 units?
Find the indifferent consumer and demand of each stadium. Calculate the prices, the demand and the profits of each stadium in equilibrium.
Where in the development theoretical spectrum would you place your own nation (Sierra Leone) - Evaluate your nations development experience
There are three individuals in a community that is deciding whether to unveil a statue of Elvis. Individual 1 would receive a net benefit of 25 if the statue were unveiled. Individual 2's net benefit would also be positive and would be 20. What will ..
An appliance manufacturer produces two models of microwave ovens: H and W. Both models require fabrication and assembly work; each H uses four hours of fabrication and two hours of assembly, and each W uses two hours of fabrication and six hours of a..
the simple interest for buying a passenger transit rail is shown as the product of the principle amount p time in years
Applying a constant-effort model of harvesting to the Lotka–Volterra equations (1), Before doing any mathematical analysis, think about the situation intuitively. How do you think the populations will change if the prey alone is harvested? if the pr..
Suppose you are buying a car. You go to one dealer who works a deal in which you would pay $3,740 each year for three (3) for the car. Another deal gives you a deal in which you would pay $2,870 each year for the four (4) years. Which is the better d..
Suppose that the K/L ratio is higher in Germany than in Britain. What would you expect to happen to wages in Germany as trade took place between the two countries? Why?
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