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What price would I want to sell my 12 posters to my 12 friends if my first friend will buy it for $11 dollars, my second at $10 dollars, and so on until that 12th friend would get the poster for $0 dollars? (The price has to be the same for all 12 friends)Suppose that a country has no public debt in year 1 but experiences a budget deficit of $40 billion in year 2, a budget deficit of $20 billion in year 3, a budget surplus of $10 billion in year 4, and a budget deficit of $2 billion in year 5.
Instructions: Enter your answers as whole numbers. For the public debt, enter your answer as a positive number.
a. What is the absolute size of its public debt in year 5? $____________ billion.
b. If its real GDP in year 5 is $104 billion, what is this country’s public debt as a percentage of real GDP in year 5? ___________percent.
Briefly discuss whether this problem provides enough information to determine whether the equilibrium price and quantity of trucks increased or decreased.
Normal 0 false false false EN-US X-NONE X-NONE What is the total interest ..
Summarize the differences between the four market types. Provide a general explanation of how business may maximize profit within each market type.
Assume that every citizen of country X has the utility function of u(x, y) = 5x+4y. Say that x denotes cigarettes and y denotes alcohol. The government of country X receives revenue from alcohol and cigarrete purchases but wants to curb alcohol co..
The unemployment rate
suppose that third national bank has reserves of 20000 and checkable deposits of 200000. the reserve ratio is 10
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The concise definition of economics is the study of choice under scarcity. Let's use this concept to analyze a recent decision that you made. Should we only evaluate monetary costs, or are there other non-monetary costs we must consider
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A statistics practitioner is n the process of testing to determine whether there is enough evidence to infer that the population mean is different from 180. She calculated the mean and standard deviation of a sample of 200 observations as x-bar equal..
it is often claimed that hospitals compete for physicians rather than patients. assuming this is true how does it occur
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