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How does the existence of money reduce the costs of making transactions ,relative to a society based entirely on barter?English is becoming the usual language for international transactions, even if the language of neither country is English.How does this reduce the cost of transacting.
Fleet rental car company purchased 10 new cars for a total cost of $180,000. The cars generated income of $150,000 per year and incurred operating expenses of $60,000 per year. The company ises MACRS depreciation and its marginal tax rate is life ..
Explain how might this allocation under allocation get resolved via the means suggested by the coase theorem.
Compute producer surplus, how much is the difference between the producer surplus and profit in this case
On Wednesday, the Commerce Department reported that the economy continued to stagnate during the first three months of the year, with a sharp pullback in consumer spending the primary factor at play.Americans cut back on a wide variety of discretio..
To maximize total income should the price be increased or decreased
on average, does an increase in taxes raise or lower real gdp if taxes as a percent of gdp go up 1 percent, by how much does real gdp change are the decreases in real gdp caused by tax increases temporary ir permanent does the intention of a tax i..
Is Guatemala debt makes if the government runs a balanced budget in both a and b.
Answer the following Multiple choice questions.
Why do you think that economists interpret the high price elasticity of demand for marijuana by regular users to be consistent with the fact that 90 percent of user’s do not become habitual users of the drug?
Illustrate the average cost, marginal cost, and marginal revenue for a firm making a positive economic profit in a short run, perfectly competitive environment. Indicate the profit. Now illustrate what will happen to this profit in the long run.
The current economic situation? is the overall national economy improving or worsening? how fast? why?
Discuss how the aggregate expenditure function shifts in response to changes in each of time following variables:
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