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Gross Domestic Product may accurately be described as
a. the sum of all employees' compensation, corporate profits and interest income
b. personal consumption expenditures, gross private domestic investment, government outlays and total exports
c. the market value of all final goods and services produced within a country in one year
d. the total sales of output of an economy in a year
problemanswer the following true t or false f questions1. to account for the time value of money we must multiply a
Normal 0 false false false EN-US X-NONE X-NONE What is the capitalized c..
a consumer has utility function given by ux1 x2 radicx1 x 2 .i suppose the price of good 2 and income are ?xed at 5
At what output is the average variable cost (AVC) at a minimum and if the market price of the firm's output is $7.5 per unit, should the firm produce or shut down?
suppose a firm sells its products to identical customers and each of them has the following demand for its product
langley clinics inc. buys 400000 in medical supplies each year at gross prices from its major suppliers consolidated
One way to reduce the amount consumers spend on health care is to raise the price of health care by increasing the health insurance copayment
If the interest group theory applies to hospitals, explain why does not it also apply to nursing homes? Would a doctor owned, for profit hospital be as attractive to physicians as a nonprofit hospital?
Public Choice theorists have emphasized that there is a bias toward growth in government due to the "concentration of benefits" and the "diffusion of burdens" (or costs) from government spending. Some people, like Wilhelm Ropke.
For this part of the assignment, we will focus on the demand curve. Draw the demand curve for the A-Phone. Explain how the graph, price, and quantity demanded will change if the following occurs.
describe why setting up a budget is so important for this new startup division. explain how you plan to gather budget
1. if a consumer purchases a combination of commodities x and y such that muxpx 20 and muypy 10 to maximize utility
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