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Edward takes 2 hours to cut a lawn and he cuts 100 lawns per year. He uses solar powered equipment and could be sold anytime for $20,000. Edward could earn $20.00 per hour as a pedicurist. The interest rate is 10%. Given his current output level, his marginal cost is ____
Explain the tools used to pursue expansionary and contractionary fiscal policy. During which phases of the business cycle would each be appropriate Explain what is meant by a built-in stabilizer and give two examples
Discuss how each of these options will affect wages and labour productivity, potential GDP and real GDP. Will they lead to growth in real GDP and rises in real GDP per capita? use the potential GDP and labour market diagrams in your answer.
1) Compare Australia and China growth rates over the period of last ten years (2005 - 2015) in about 300 words 2) Critically analyze the reasons for the variation of growth rates in each country over that time period about 1200 words e.g. mining bo..
Suppose that a government that is the sole buyer of a crop offers farmers $2.00 per ton of maize (corn), while the market price across the border is $2.50 per ton. What will be the impact on the production of maize? Will it aff..
For this Assignment, select an arbitrary organization. You may choose one with which you are familiar, but you do not need to disclose its identity. Assume you are the IT security manager. You frequently find traffic to and from suspicious website..
The exhibit shows how supply and demand might shift in response to specific events. Suppose a spring frost destroys one-third of the nation's artichoke crop. Which panel best describes how this will affect the market for mayonnaise, which is a com..
What is the smallest component of GDP? What is the fastest growing component of GDP, and why? What components of GDP were involved in the change from last month to this month?
calculate the long-run equilibrium values of r and p assuming that the potentiallevel of output y is equal to 3500
Although the U.S. does not have the highest saving rate in the world, Americans save more money than citizens of every other country
"Loans are just like used cars. If you see an ad in the paper for a used care, you have to wonder , why is the owner selling it? Mayber there is something wrong with the care that is hared to see. As a result, when you approach the seller, you wil..
(a) What kind of utility function does Quasimodo have? (b) If the price of x is p and price of money spend on other goods (y) is 1, then what is his inverse demand curve for earplugs?
Does the 99 percent confidence interval include the value suggested by the NCAA? Interpret this result. Suppose you decided to switch from a 99 to a 95 percent confidence interval. Without performing any calculations, will the interval increase or..
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