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Back in the 1950's a piece of gum was 5 cents and today it is $1. Inflation has occured so that does that mean that people can afford to have less gum? Do they have less purchasing power? Explain please.
His uncertainty about total sales of the book can be represented by a random variable with a mean of 30,000 and a standard deviation of 8,000. Find out the mean and standard deviation of the total payments he will receive.
q. pb 140 - 4ab where pb is the ticket price paid by businesses measured in dollars and ab is their attendance
You are considering buying a piece of industrial equipment to automate a part of your production process. This automation will save labor costs by as much as $35,000 per year over 10 years. The equipment will cost $200,000. Should you purchase the eq..
Advocates of stabilization policy prefer quick medicine for economic ills. This leads some observers to favor fiscal policy while others endorse monetary policy. Describe the positions of each side in the debate and what seems to be the current conse..
In a perfectly competitive factor market, a firm faces a(n):
Assume that the free trade unit price of a lamp is $200 and unit cost of an input for a lamp is $100. Given this information about lamp production in a country, calculate the effective rate of protection (ERP) afforded to the lamp industry by a 12% t..
Why a change in the way government might makes transfers to the poor change the poverty rate even if there is no change in the amount of money transferred?
When price of gasoline increases significantly, why should the market price of small automobiles (e.g. Mini Cooper, Smart Car, etc.) also increase? In addition to showing the demand-supply graphs, also explain the reasons for any shift in supply and/..
A store in New York, has offered rebates of $2 off the regular $100 price on their microwaves. The firm has observed a positive sales increase of 8% over the previous month’s sales. What is the point price elasticity of demand for jeans? If marginal ..
Gorton argues that regulating capital ratios cannot prevent a systemic run on banks. The FDIC has never extended protection to uninsured general creditors because this would create increased moral hazard in the banking system.
q.the equation of capital accumulation is k k i - deltak where k is the capital stock at the beginning of the year i
If a country wants to fix its exchange rate at a rate that is higher than the market rate, what monetary or fiscal policy must it use? If a country wants to fix its exchange rate at a rate that is higher than the market rate, what monetary or fiscal ..
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