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In a conversation, someone mentioned that "Australia's economic grew because current or market GDP in 2016 was 1.11 trillion and in 2017 it was 1.14 trillion". Upon checking you found that in these two years Australia's GDP price deflator increased from 104.2 to 105.7. Explain with numerical calculations if the statement is factually accurate.
What is Karl Marx' explanation of why the industrial revolution began in Britain and how did his narrative influence early development ideas?
The annual income from an apartment complex is $23587. The annual expense is estimated to be $2208. The apartment complex could be sold for $115756 at the end of 10 years. If your MARR is 10%, how much should you pay for the apartment complex if you ..
If the U.S. were to impose import quotas
Ace manufacturing produces 1000 hammers per day the total fixed cost for the plant is 5000 per day and the total variable cost is 15000 per day calculate the average fixed cost average variable cost and the total cost at the current output level.
An acute care hospital has found that having geriatric nurse specialists take charge of discharge planning for stroke patients reduces length of stay from 5.4 days to 5.2 days. On average the geriatric nurse specialist (who earns $27 per hour includi..
When the U.S. central bank, the Federal Reserve, increases the supply of money:
Find the maximum level of seignorage that can be financed under the assumption that x
The price elasticity of demand for Pete's chocolate chip cookies is 1.5. Pete wants to increase his total revenue. Would you recommend that Pete raise his cost or lower his cost of cookies. Explain your answer.
When real estate agents sell their own houses, rather than clients' houses, they leave the houses on the market much longer and end up with much higher prices. Real estate agents' houses are on average on the market 10 days longer than clients' h..
Suppose OPEC members met and decided to increase their oil production (and thus lower prices) for six months. This change will cause many firms’ input prices in the U.S. to __________. This change in input prices will cause a _____________ aggregate ..
Assume that a monopolist has a demand curve given by P = 1500 − 4Q, and T C = 100 + 5Q2 with MC = 10Q. How much profit does the firm make? Show on the graph whether this market is operating efficiently. Calculate the dead weight loss.
Suppose we want to find the k smallest numbers in a list of n numbers, where k=n^1/2. Design an algorithm that solves this task in worst-case time.
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