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Question:
Explain inflation as development issue or problem that is happening in the context of the Philippines. Also, explain how this problem may affect you as well as the people in the Philippines. (200 words)
Elements of the Tort Crime of Negligence - the perpetrators broke the front window and picked every lock, door and safety precaution the company previously put in place to protect their clients.
Compute the profit maximizing visits (represented by W) created by Firm W (assuming W behaves competitively in the output market, i.e., taking the price
Define a normal profit and an economic profit. Are normal profits being earned in this example? Are economic profits present for this firm in this example? Explain your answers.
kevin smith received a welcome surprise in this management science class the instructor has decided to let each person
A firm's technology for producing its output from labor (L) and capital (K) is Q =(?4LK + K^2) where |MRTSLK| =2K / 2L+K. The wage rate is $2 per unit of labor and the cost of capital is $5 per unit of capital. The firm is initially producing 30 unit..
The average annual income rises from $25,000 to $38,000, and the quantity of bread consumed in a year by the average person falls from 30 loaves to 22 loaves.
What is Tom's 'real' hourly wage rate? How much will it be if he had 128 hours of leisure (= worked 40 hours)d. Tom chooses to work 40 hours a week. On the above graph, draw Tom's indifference curves between leisure and money so that this is his opt..
Suppose short-run output over the next 4 years is +1%, 0%, -1%, and -2%. According to Okun's law, what unemployment rates would we expect to see in this economy
A Keynesian economist believes that A. the economy is self - regulating and always at full employment.
What is the equation for the average variable cost(AVC) - what is the minimum level of average variable costs and Each firm in the industry is currently earning zero economic profit. How many firms are in this industry, and what is the market equili..
When Yeon's income was $2,200, he bought 5 kgs of rice a month. Now his income is $3,300 and he buys 4.75 kgs of rice a month.Calculate Yeon's income elasticity of demand forrice. Show your calculation. What is the market price and market output of s..
Toyota Plans to Build a Better Company Toyota will continue to produce 3 million cars per year and will use the balance of its resources to upgrade its workers.
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