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Suppose the cross-price elasticity of demand between French fries and ketchup is estimated to be - 1.60. This implies that a 3% increase in the price of French fries will cause the quantity demanded of ketchup purchased to?
U.S. GDP in year 2011 is $15,094.0 U.S. GDP in year 1982 is $3,253.2. The GDP chain -type price index (2005=100) is 113.36 in 2011 and 55.459 in 1982. (must show work please)
What is the difference between a firm's shutdown point in the short run and in the long run? Why are firms willing to accept losses in the short run but not in
If the U.S. parent has surplus foreign tax credits, what is the marginal rate of tax on remitted profits from the subsidiary?
At 6% interest, how much money is required in the trust fund to provide for the laboratory and equipment and its perpetual operation and equipment replacement?
Growth accounting. A country’s labor force grows 1.2 percent and its capital stock grows 3 percent. Assume that labor share of output is 0.25 and capital share of output is 0.75. If the economy grows 4.55 percent, how much does total factor productiv..
What is price information asymmetry? Explain the reason for search online purchase offline behavior. How do search sites drive consumers to retailers? What are the benefits of barter? Who determines whether a price is fair? Why is price often a light..
Analysis of the balance of trade and the financial flows between domestic and foreign entities. Imports and exports vital to Viet Nam’s GDP will be examined.
What are your predictions for the US economy over the next two years? Use the macroeconomic models you have learned to present a reasoned answer. Explain your assumptions clearly.
The classical dichotomy is the separation of real and nominal variables. The following questions test your understanding of this distinction. Which of the following give the real value of a variable? Check all that apply. Which of the following give ..
Name two types of market failure. Explain why each may cause market outcomes to be inefficient. Please include references.
Julio receives utility from consuming food (F) and clothing (C) as given by the utility function U(F,C)=FC. In addition, the price of food is $2 per unit, the price of clothing is $10 per unit, and julio's weekly income is $50. What is julio's margin..
How do venture capital boards differ in composition from the boards of companies that have been bought out and why would a board have special voting rights? How do these address some of the basic tenets of private equity?
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