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On a snack tray there are 3 different types of crackers ( a dozen of each) and six different types of cheese (a half dozen cubes of each). How many different combinations can be made.
Discuss the expenditure approach to measuring aggregate economic activity. Discuss the income approach to measuring aggregate economic activity. Are they equal? Does the value added method of measuring economics activity confirm this?
The time to complete the construction of a soapbox derby car is normally distributed with a mean of three hours and a standard deviation of one hour. Find the probability that it would take more than five hours to construct a soapbox derby car
Assume your local congressman calls you for some economic advice. He wants to sponsor legislation to increase public spending on such common medical interventions as because he’s been told early detection saves money:
With respect to the §2 component of the case, how did the government define the “relevant market”? What evidence was given to prove that Dentsply enjoys monopoly power in the market so defined? 3. Again with reference to the §2 complaint, how is the ..
A monopoly firm is free to charge any price it wishes. What constrains its choice of a price?
If the CPI increased from 215 to 218 between 2012 and 2013, while the nominal interest rate increased from 3.25% to 3.80%. A. What is the inflation rate between 2012 and 2013? B. what is the real interest rate in 2013?
A tobacco company is interested in hiring a salesperson to promote smoking cigarattes in nightclubs. The position pays a flat salary of $50,000, regardless of sales levels. During their first year on the job, what are the expected sales of Patty and ..
If required reserve ratio is raised and people decide to hold more cash instead of depositing, how is the money supply affected?
Explain the Economic Espionage Act of 1996. - What was the impetus for this law, and what penalties does it prescribe?
Food For Life makes health foods for active, outdoor people. Their three basic products are whey powder, a high protein strength bar, and a meal additive that has the taste and consistency of sawdust. Research shows that consumers fall into two types..
After reading Case 9.2 on page 459 in the text, answer the following question: Describe how you'd feel if you had to take a psychological test or an honesty
Consider that content with the steady pace of economic recovery, the Federal Reserve Bank decides to undertake a large-scale asset sale resulting in a decrease in money supply. What would be the effect of such a policy on equilibrium interest rate in..
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