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Suppose the Federal government offers a local school district a $10 million grant to hire new teachers. The district was already planning to spend $8 million on new teachers before receiving the grant. After receiving the grant the district decides to spend $13 million on hiring new teachers. Why didn't they increase their spending by the full $10 million? Name and provide a description of the economic concept being described here. What is its size?
Why is knowing the product demand so crucial for a firm?
At 36 units of labor, a firm finds that both average product of labor and marginal product of labor equal 42. We can conclude that the average product curve at 36 units of labor is
If the required rate of return on this stock (ks) is 12%, what is the current price of Mummeball's common stock?
Using the same product example above, analyzing how the risk tolerance factors play in supplying the good or service and how this should influence management’s decisions.
The value of a home depends in part on how attractive other homes and yards in the neighborhood are.
What is the difference between accounting profits and economic profits? Which of the two concepts is more appropriate for explaining decisions made by entrepreneurs? Explain.
What changes would you propose if you were on the central planning committee that made decisions for your city?
If the market is made up of 100 individuals with demand curves identical to Mr. Smith's, Illustrate what will be the point also arc elasticity for the conditions specified in parts a also b
Consider the Solow Growth Model with no techonological change or population growth. The savings rate is 10% and the depriciation of capital rate is 5%. The production function is F= K1/3L2/3. Find the steady-state captial-per-capita stock, and consum..
Write a program that asks for the principal, the interest rate, and the number of times the interest is compounded.
The government agency uses an interest rate of 5% and a horizon of 50 years. Assume that the dam has no salvage value after 50 years.
What caused stagflation that began in the 1960s in the US economy and was worsened in the 1970s
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