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Question: In 2000, median household income was $40,816. By 2004, it had grown to $44,389. The PCE for 2004 (2000 100) was 108.37. Has median household income, adjusted for inflation, grown or declined since 2000?
Remember to show all of your work. Also remember that calculators are not permitted on exams, so you should try these by hand. Egg economists forecast that egg prices will rise 20% from 2012 to 2014. What is the anticipated price of eggs in 2014
a company is contemplating the purchase installation and operation of a cogeneration system to offset the cost of
There have been several mergers of large firms within oligopolies. In this assignment, you are to select one merger that has been approved by the Federal Trade Commission (FTC) in the last five years; describe and analyze the impact of those merge..
A firm's income statement included the following data. The firm's average tax rate was 20%. What was the firm's net income? What must have been the firm's revenues? What was EBIT?
Traditionally, how have estimated labour supply elasticities differed between men and women? How can economic theory explain this? Outline the relevant empirical evidence from the more recent literature? No more than 1200 words.
Determine the optimal size of the shopping center (to the nearest 100 square meters) based on existing estimates of the demand for retail space.
What is the maximum amount of harvest that can be sustainably achieved in this system? What level of biomass generates this amount of harvest?
imagine that you work for the maker of a leading brand of low-calorie microwavable food that estimates the following
globalization was welcomed around the world at the beginning of the 1990s. different trade theories were used to
The table below represents the world supply and demand for natural vanilla in thousands of pounds. A large portion of natural vanilla is grown in Madagascar.
An airline offering flight services from Singapore to Bangkok, Thailand, has two classes of seats, business class and economy class. Calculate the price elasticity of demand for both classes using the mid-point formula
Explain whether you believe the Quantity theory of Money holds in the listed countries above: support your position with the statistics you created in the part (b) of this problem.
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