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Government have one billion to spend either on health service or building a new road. it decide on health services, what is the opportunity cost
suppose the Fed expands the money supply, but because the public expects this Fed action, it simultaneously raises its expectation of the price level. What will happen to output and the price level in the short run? Compare this result to the outc..
On the topic of ticket pricing
Does this legislation block free choice for consumers? Who is responsible for the children's health with respect to fast food? Did the board of supervisors overstep its boundaries?
Assume the country of Fredonia has $500 of capital per worker and has a workforce of 20 million. Also assume that labor and capital split output evenly between themselves. Ignoring total factor productivity. What is output per worker? What is total o..
Explain what is meant by "in-kind transfer" programs. Briefly outline the pros and cons associated with an in-kind transfer program
managers of a monopoly under rate of return regulation have an incentive toa. underestimate the firms costs.b.
Dunkin Donuts raises the price of its French Vanilla coffee by 15%. The demand for Dunkin Donuts glazed doughnuts will change by what percentage and in what direction?
Serious criticism has been lodged against the CAFE standards because U.S. automakers res- ponded by using more plastics in automobiles (to make the cars lighter in weight) to meet the more restrictive CAFE standards.
River Ridge Music School borrowed $30,000 from the bank signing a 6%, 6-month note on November 1. Principal and interest are payable to the bank on May 1. If the company prepares monthly financial statements, what adjusting entry should the company m..
Data compiled from individual patient data fields
his happens not only in industries in which demand is highly vola- tile and unpredictable, but also in industries in which demand is fairly stable. What factors lead to overca- pacity? Explain each briefly.
Suppose there is only one input to a production process. Is each of the conditions below possible? If so, describe a real-world scenario that would fit the conditions, and draw a production function that reflects this scenario. If not, explain ..
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