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Question: Suppose there is an economy where 80 percent of people earn more than their parents and 40 percent end up in a different income quintile than their parents. What measure of the income distribution does the first statistic tell you about? What about the second? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.
If marginal cost is below average total cost, average total cost will. A firm's marginal cost curve above its AVC is also its short-run supply curve.
Assuming that labor is the only variable input in the short run, draw a typically shaped marginal product cuve for labor. Explain why the curve looks like this. Identify the point where the law of Diminishing returns sets in.
Suppose that the economy is already in recession, and both President and Congress have declared to do something to restore the economy.
Plot a scatter chart to examine the relationship between the Year Movie Released and Sales. Include a trend line for this scatter chart. What does the scatter chart indicate about Sales over time for all the movies?
A firm faces the demand schedule p = 650 - 3q and the production function q = 4K0.5L0.5 and has to pay £8 per unit to buy L. If K is fixed at 4 units.
How much will firm 1 earn if it convinces the mayor to decrease the medallion fee by $40,000 (F = – $40) so that the medallion fee is entirely eliminated?
Write a 200 word paper or risk diversification as it relates to international capital flows for a MNC.Use a specific company and specific countries for your example as you explain why companies view this topic
An economist is interested in studying the incomes of consumers in a particular country. The population standard deviation is known to be $1,000. A random sample of 50 individuals resulted in a mean income of $15,000.
Two students are assigned to work together on a project that requires both writing and an oral presentation. Steve can write 1 page or prepare 3 minutes.
If there is a difference between β2 estimated for current-dollar GDP and that estimated for constant-dollar GDP, what explains the difference?
A mining corporation purchased $120,000 of production machinery and depreciated it using SOYD depreciation, a 5-year depreciable life, and zero salvage value.
green engineering has proven to be an obstacle to many industries. the reason is their misunderstanding of the
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