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Q1. Unlike discretionary changes, automatic stabilizers have the obvious advantages that they act instantly, explain how?
Q2. In 1949 the city of Sherbrooke, Quebec, built a hospital for about $500 000. In 1987 the city restored its courthouse for about $2.4 million. A price index for nonresidential construction was 14 in 1949, 92 in 1987, and 114.5 in 2000. According to these numbers, what did the hospital cost approximately?
Calculate gross national product and net national product
Suppose, on the other hand, that the second country retaliates with an export subsidy of its own.
MMM expects to generate $60,000 in earnings that will be retained for reinvestment in the firm this year.
Provide an appropriately labeled boxplot of the data below and use a randomization test to examine whether the null hypothesis holds that male and female turtles have the same mean serum cholesterol.
Calculate whole expected convenience from each restaurant option and also compare?
If the market price of the product is 270, how much output should the firm produce in order to maximize profit. How much profit will this firm make.
Why all the balance of payments accounts be in surplus. What factors determine the demand for British pounds in foreign exchange markets.
The setup cost is $100 per order up to 99. For orders of less than a pallet, the setup cost is $200. The setup cost for pallet loads is $1000. The holding cost is 1% of the purchasing cost per item per week.
Suppose a consumer is at an optimum, consuming 6 hamburgers a week at a price of $1.50 each and 10 donuts a week at 50 cents a donut.
What is output that should be produced to achieve economic efficiency and the value to society for correcting the externality.
Describe the international monetary system known as the Bretton Woods system, or the gold exchange standard that existed from the mid 1940s to the early 1970s.
Draw a graph of the market for chewing gum. What are the equilibrium price and quantity? Mark the equilibrium price and quantity in the graph.
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