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Suppose that real consumer spending is 50, and spending on food, transport and leisure is 25, 10 and 5 respectively. Assume after 10 years real consumer spending doubles to 100. Explain how much do you believe will be the budget share of leisure
A. 5%.B. 10%.C. Less than 10%.D. More than 10%.
At the end of 2002, the (1-year) interest rate was 1% in the U.S., and 26% in Argentina. Recall that at the same time, the spot rate for the Argentine currency was Peso 4.00/$.
Discuss, relating in part whether such highways are public goods and whether or not privatization should work.
Income at a major cellular telephone manufacturer when it decreased the average selling price of its phones.
Suppose that a competitive industry is in long Run competitive equilibrium. Then the price of substitute good (in consumption) decreases. What will happen to the short run to
Marlene will live for for more time duration. In the current period, she has the option of attending college.
Explain when we look at the macro economy the similar terms are known as Aggregate Demand
A monopolist has a constant marginal and average cost of $10 and faces a demand curve of Q D = 1000 - 10P. Compute the monopolist's profit-maximizing quantity, price, and profit.
Explain whether every of the following transactions involves spot exchange, contract, or vertical integration.
Find out two articles that discuss the local, state, or federal taxation of a good. Describe the effects of taxation and price controls on the economy.
All firms in a Cournot monopolistically competitive industry have the same cost function C(q) = 25 +10q. Calculate the equilibrium price, firm output, total output and number of firms in the industry.
Describe the productivity change for every category also then determine the improvement for labor-hours, the typical standard for comparison.
Elucidate explain why after such unprecedented economic growth, technical advance economies still experience economic cycles and stagnation.
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