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Part 1: Class, GDP is a measure of our economic well-being, though this measure omits some things that are important in describing how well-off we are. Provide 3 specific examples of things that your think are important to you or to society, but which are omitted from the GDP measure.
Part 2: If you were the US President, how would you reduce unemployment rate?
Part 3: Suppose someone argues that inflation is good for business (because businesses receive higher prices) and bad for individuals (who pay the higher prices). Is there any validity to that reasoning? Why or why not?
Murphy Morsels just bought a new chocolate-chip making machine for $25,000. What is the monthly payment
Imagine that your city was hit by a major earthquake. What kind of damage would you see? For example, are there dams upstream of your city that might burst and release floodwaters?
There is a sharp fall in sales volume, while profit curve becomes almost flat horizontal. There is also decline in the number of competitors.
Continuing from Exercise, the firm's factory sits on land owned by the firm that could be rented out for $30,000 per year.
How much will each firm produce and what is the shut-down price for the firm - What is the largest quantity the firm can produce where the cost minimizing choice is to produce everything with production process 1?
The maintenance for the computer engineering building (in Problem 5.40) will climb at $5000 per year. How much larger a donation must Computer Colleagues make?
ACDC Company is considering the installation of a new machine that costs $150,000. The machine is expected to lead to net income of $44,000 per year.
Create a chart summarizing the details of the investment for both Bob and Lisa. Explain the results in terms of time value of money.
The Coalition of Immokalee Workers (CIW) claims that the going wage for farm labor is exploitative. The CIW supports a minimum wage for farm workers.
in the 1990s pfizer inc. developed a new antibiotic called trovan trovafloxacin mesylate. tests showed that in animals
For each of the following scenarios, use a well-labelled diagram of the supply and demand for saving and investment to analyze the effects on the real interest rate, equilibrium investment, and equilibrium national savings. U.S. military involvement ..
What effects do technologies have on costs? What are some lower-cost sources the organization can utilize to reduce costs?
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