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1. "Economics is the Science of Wealth" who gave this definition?
2. "Economics is what economists do." It has been supported by-
3. "Human Welfare is the subject of Economics." This statement is associated with the name of which of the economists?
4. Who has given scarcity definition of economics?
Describe the output level of the firm, the number of workers it employs and the profit of the firm.
You are employed as a business consultant to a Senator. She heard the association in unemployment rate and economic growth, and asks you to find the relationship so that she could propose a policy to decrease the unemployment rate.
What impact does amt have on the decision to whether to use either the percentage of completion method or completed contract for reporting profit on longterm contracts?
If Rd = 300 - 40 iff, given the information above, what is the market clearing federal funds rate? Assume that this is the target for the federal funds rate. Show all work. NOTE: To calculate the market clearing federal funds rate, you first need Rs...
The manager of a corporate division faces possibility of an audit each year. She prefers to spend time preparing if she will be audited;
What is the monopolists profit under the following conditions? the profit maximizing price charged for goods produced is $16. the intersection of the marginal revenue and marginal cost curves occurs where output
Suppose the commodity market and the money market for an economy are described throughfollowing IS and LM curve.
If a computer project takes 6 months, how much does it cost in terms of a computer programmer salary to complete the project in the United States?
The price of a wideget increases by 90%. what effect would we expect this to have on the equilibrium wage rate of workers who make widgets.
Define the cross-price elasticity of demand and What information does it provide - What is total revenue? How is it calculated?
Assume that Microsoft is considering a merger. The possible merger faces some threats and that the industry desides on self-expansion as an alternative strategy, describe the additional complexities that would arise under this new scenario of expa..
Determine, how the following will affect the slope of the output demand curve, and explain your results:
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