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Consumer Price Index explained in this solution
1. A company dedicated to tabaco has a cost and revenue function of:
CT= 20 + Q + Q2 (q squared)
I= 15Q - Q2 (q squared)
Determine the maximum and minimum amounts that can be produced where there is neither loss or gain.
2. If the consumer price index in 2002 is $175, in 2003 is $198, and in 2004 is $210, show the inflation table for 2003.
Construct a table shoeing Grey's marginal sales per day in each state. Calculate Grey's maximum monthly commission income.
Problem on standard deviation
A child of a wealthy family is deciding either to work or not work also mooch off her parents. Asume that she is offered a job which pays.
What is the marginal opportunity cost of services in each country? Who has the comparative advantage in factory-stuff?
In light of the theory of comparative pros are any restrictions on free international trade advantageous
Discuss how labor market mobility affects the unemployment rate.
Suppose that there are two goods in the economy, and the price of each good is equal to 1. When Alice has income of $10, She consumes 1 unit of good y and 9 units of good r.
The setup activity price driver rate, using the best cost driver for this situation.
Explain how the distinction between expected and unexpected inflation is important to the distributional effects of inflation.
As the economy begins to recover from a recession and more people go back to work.
Be sure to describe the two step method used in FASB 52 and how highly inflationary economies
Is the price elasticity of demand elastic or inelastic for that good or service. Explain how should the company alter the price of the good or service to increase revenues.
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