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What is the difference between forward resolution and reverse resolution? When is it better to use reverse resolution?
According to the Harrod-Domar growth model, if you want your country to grow at 5%, and the capital output ratio is 2: The nation should save what percentage of the nation’s income = What are the problems of relying on the Harrod-Domar model to make ..
Figure 1 is the cost and revenue curves for a perfectly competitive firm.
Suppose you buy a bond on March 3, 2016 for $1,000 that pays you interest at 8% annually ($80 per year). The bond you purchased matures on March 5, 2025. Next year, on March 3, 2017, you decide you want to travel during Spring Break and choose to sel..
The inverse demand function for mangos is defined by the equation p = 91 − 5q, where q is the number of crates that are sold. The inverse supply function is defined by p = 3 + 6q. In the past there was no tax on mangos but now a tax of $44 per crate ..
There seems to be some evidence supporting the idea of a political business cycle. That is, the economy tends to experience particularly fast growth just prior to elections and slower growth or recessions some time after elections. Use the AD/AS mode..
A wind power turbine produces a maximum electrical output of 500 kilowatts. The turbine has a 15-year lifetime and the discount rate is 10%. The wind turbine costs $1 million for equipment prior to installation. Operation and maintenance costs are $5..
The 2014 balance sheet of Sugarpova’s Tennis Shop, Inc., showed $640,000 in the common stock account and $5.8 million in the additional paid-in surplus account. The 2015 balance sheet showed $680,000 and $6.3 million in the same two accounts, respect..
Over the course of this month he has to deliver to 50 spots. To do this job he has 4 possible combinations of output that he can use
Consider the market for theater movie tickets. Say that the prices of concessions (popcorn, drinks, etc.) have increased, and the price of a Netflix subscription has decreased. Which even affects demand, and which affects supply? What would be the ef..
Describe expansionary/contractionary discretionary fiscal policies. Describe non-discretionary fiscal policies and explain when and why they col increase a budget deficit.
What did you learn? Why is it important? How do the Economics concepts we just covered impact the economy, you and your family, your friends and your employer? 1. Select the top ten (10) most important ideas / concepts you learned in chapters 3 & 19 ..
Using the travel cost method, evalute the annual active use value of this area to the people living in these cities.
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