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One of the authors received a credit card bill for 3167 and it included a charge of 1622 that was not valid. Find the values of the absolute amd relative errors.
Home (H) and Foreign (F) produce autos and shirts using capital (K) and labor (L). Draw a PPF-Budget Constraint-Indifference Curve diagram for each country that shows the autarky (no-trade) equilibrium, indicate what the country is producing and cons..
Is there a property rights policy that would address the issue of climate change? If so, describe it and explain why it would work. If not, explain why not.
A road can be paved with either asphalt or concrete. Concrete costs $15,000/km and lasts 20 years. Assume the annual maintenance costs are $500 for concrete
a. What is the probability that exactly 13 workers cashed out their retirement accounts?
Suppose that the economy of an island H is described by the following equations: GDP (Y) = 8000, government expenditures (G) = 600, Taxes (T) = 1000, Consumption (C) = 400 + 3/4 (Y-T), and investment (I) = 800 – 200r. What can you conclude about the ..
In 1996 dairy farmers, hurt by a decade of low milk prices, began reducing their herds. Subsequently Kenneth Hein, a Wisconsin farmer, said he was getting $16 per 100 pounds of milk, rather than $12, which he had gotten earlier. Why did the price inc..
What is the Cost Benefit of FDI? how political ideology has shaped these attitudes. please identify a cost and a benefit of FDI from the perspective of a home country. When answering this question, please select any home country of your choice exclud..
Following are the num- ber of times the machine was used daily over each of the last 30 days. Determine the mean number of times the machine was used per day.
Suppose a presidential candidate criticizes his opponent by saying his opponent’s economic policies have made the dollar weaker and cost American factory workers their jobs. This presidential candidate is:
Calculate the Marginal Utilities ux and uy and the MRS for each of the following utility functions assuming that a,b > 0 are positive constants.
Profit maximization using total cost and total revenue curves Suppose Dmitri runs a small business that manufactures frying pans. Assume that the market for frying pans is a competitive market, and the market price is $20 per frying pan. The followin..
Briefly explain the characteristics (or properties) of equilibrium in the Cournot Model and the assumption under which it is achieved.
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