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GDP grew much at a much faster4.8 percent rate in the October-December quarter, but analysts said that growth masked some dangerous imbalances that were no present in the first quarter report. Almost all of the fourth quarter increase in GDP wound up as unsold inventory sitting on shelves.
A: If it doesn't get sold, how could it get counted into GDP?B: Why is this phenomenon described as a "dangerous imbalance "?
Draw a diagram showing how the market equilibrium will change if the marginal social costs of a polluting production activity are included rather than just the marginal private costs of that activity.
consider an economy that abides by the classical mode. the production function is unspecified but we know that the
Include a brief explanation of each choice and indicate whether you were very sure of your choice or whether you thought the classification depends on how the market is defined Write a classifying each of the following industries into the appropriate..
Current concerns stem from the fear that if medicare remains an open ended program, its share of the federal budge will continue to increase over time. Prepare a brief memo examining "a freeze in physicians' fees and a requirement of mandatory ass..
If one kilogram of flour costs $2 in Canada, and 100 shillings in Kenya, what would Purchasing Power Parity predict the Kenyan shillingto be worth in Canadian dollars.
The cost of labor goes down, the profits of firms will increase, and short-run aggregate supply will shift to the right.
A profit-maximizing firm in a perfectly competitive industry should select the output level at which the difference between the market price and marginal cost is greatest.
What is the equation for the Marginal Social Cost curve? Use this to figureout what the socially optimal amount of widgets is. Is the socially optimal thesame amount as you found in part (a)?
a company is contemplating the purchase installation and operation of a cogeneration system to offset the cost of
Write the equation for the total demand for emissions across both sectors. Does one sector have uniformly lower marginal abatement costs than the other? What is the total amount of emissions in the absence of regulation?
In economics, when you plot cost and revenue on Price-Quantity axis, the profit maximization condition is when marginal cost is equal to marginal revenue. This is the crucial notion to understand.
write a 350- to 700-word paper that defines the roles and application of management functions used by todays health
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