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Discuss several of the trends that are driving this rise in thefts, making certain to address availability and a comparison of resale values from second-hand dealers.
Suppose that the demand curve (hundreds) for apples is given by Qd = 140 - 5P, where Qd is the number of pounds demanded per year and p is the price per pound. The supply of apples can be described by Qs = 40 + 5P, where Qs is the number of pounds pr..
a. In the short run, how will the quantity of aggregate output supplied respond to the fall in prices
Which of the following are included in the calculation of this year's GDP? Why? Why not? a) you are babysiting your brother and getting paid by your parents; b) your purchase of used car; c) your buying a bond issued by General Motors; d) your grandm..
Suppose Activity A has the following Total Benefit (TB) and Total Cost (TC) and the corresponding marginal benefit (MB) and marginal cost (MC) functions: What is the optimal activity level of A? What is the total benefit and the total cost of the opt..
Greece, Portugal, Ireland and Spain are all members of the European Union. All have gotten themselves into sovereign debt trouble (the government can’t pay its debts). Greece recently received a bail-out package from the EU after months of drama. Spa..
Suppose that the government impose a tax of 10% on each tin of CORN BEEF sold calculate the new quantity demanded, quantity supplied and the shortage or surplus
Consider the population of all possible rolls of a single six-sided die.
There are two distinct sectors: taxidermists (X) and tap dancers (T). It is surprising that there is complete labor mobility between the two sectors. There are 200 equally talented workers who supply their labor inelastically.
Suppose that the marginal cost of producing output, q, in the short-run for a competitive firm is MC = 10 + 8q. The market price of the firm’s product is $25. a. What level of output will the firm produce to maximize its profits?
A firm in a perfectly competitive market will produce no output in the short run if the price is below $20 but will produce if the price is above $20. The smallest quantity they will produce in the short run is 6. Firms will earn 0 economic profits i..
In a world in which all markets were perfectly competitive, the ceaseless search for maximum profits will drive all prices down to the level of minimum average cost in the long run. Agree or disagree with this statement and explain your reasoning.
Your team has been asked to design a LAN for a very successful CPA firm with five departments in one building and a total of 560 employees. Currently, the firm has no networked computers, and it is open to any suggestions your team can offer. The ..
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