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What are the effects of increasing in government spending both mandatory and discretionary spending on US economy forecast ot grow by 1.5%
What method (formula) for computing price elasticity of demand gives you two dissimilar calculations when computing a price increase as opposed to computing a price decrease? Describe briefly.
Think about an extension of the specific-factors model, in which, in addition to their wage, labour also earns some part of the rental on specific factor in their industry,
discuss the market system and the need for ethics in business and distinguish it from the law and concepts of virtue
A traffic light is set to switch from red to green according to a uniform distribution with a mean of 45 seconds. The difference between the smallest and largest number of seconds it takes the light to switch is 8 seconds.
This is a self-reflection paper developed based on the classroom discussion around minimum wage. Explain the effect minimum wage has on the economy. List and describe both the pros and cons of the more recent increases in the federal minimum wage...
The Johnson Robot Company's marketing officials report to the company's CEO that the demand curve for the company's robots in 2001 is P = 3,000- 40Q What is the marginal revenue equation for the firm?
Using quarterly data, calculate the coefficient of variation of detrended personal disposable income, consumption, consumtion of durables, and consumption of nondurables plus services. Comment on the relative variability of these series.
Calculate the standard deviation of the distribution of each investment. (b) Which of the two investments is more risky? (c) Which investment should the individual choose?
A printer's wage rate is $20, and the price of a printing press is $5,000. The last printer added 20 books to total output, while the last press added 1,000 books to total output.
Suppose the company initially has market power and acts as a monopolist. How many pills will the company sell and what price will it charge consumers?
1. consider a country in which there are 2 sectors called sector 1 and sector 2. the production functions and the
1. why does rent control result in a shortage of rental units?2. any time there is a shortage of a good it means that
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