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Explain the advantage of measuring GDP in real terms rather than nominal terms, when studying movement in a nation's GDP over time.
Describe verbally the effect on wage rates and employment. Adjust the graph you drew for question 3, showing the monopsonistic wage rate and employment level as W2andQ2, respectively.
If you want to have $500,000 in today's dollars in account after 10 years, how much do you need to put into this account today assuming 3% annual inflation.
If both Apple and Google price their phone at $8000, then each car manufacturer makes a profit of $6 billion. a. Create the payoff matrix for this game.
A diesel generator for electrical power can be purchased by a remote community for $480,000, What is the interest rate for buying versus leasing
A friend of yours has borrowed $20,000 to buy a car, with an interest rate 10% compounded monthly. Monthly payments were calculated to be $645.34.
You want to borrow $300,000 to start a business. The loan's initial balance is increased by 2% of the loan's face value for loan origination fees.
Most of us participate in the economy every day. As households, we can provide labor to companies or government in the input market and we are also consumers of goods and services in product market.
The idea of tax rebates to stimulate the economy
A) What are the profit maximizing number of each tickets sold and the price of tickets?
Suppose that a natural monopolist was required by law to charge average total cost. On a diagram, label the price charged and the deadweight loss to society relative to marginal cost pricing. Briefly explain your diagram and comment on the results..
Elasticity suppose the weekly demand function for a product is given by p = 100e-0.1q where p is the price in dollars and q is the number of tons demanded.
The goal of the final project for this course is to develop a business idea into an original business plan. To complete the business plan due in Week Five, you will be assigned a part of the process.
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