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If the demand for a final product rises, then this results in: Select one: a. a decrease in the product–s price at the current quantity. b. an increase in marginal revenue. c. a reduction in the marginal revenue product of labor. d. a fall in the demand for labor by the firm producing this item.
Law of demand does not hold since attendance at the major league parks has dropped while at the same time ticket prices have fallen.
Does the covered interest parity condition hold? Why or why not?b. How could you make a riskless profit without any money tied up assuming that there are no transaction costs in buying and or selling foreign exchange?
You read in a business magazine that computer firms are reaping high profits. Assume that the computer market is perfectly competitive.
Which characteristic would best be associated with pure competition and is a reason why economists suggest pure competition makes society better off?
Every day, Ivan buys 2 cups of coffee and a sandwich for lunch. The price of coffee is $2 per cup and the price of a sandwich is $5. Ivan’s choice of lunch maximizes his utility, and he spends only $9 on lunch. Compare Ivan’s marginal utility for cof..
Courts have almost always allowed companies to make employment decisions based on economics. For instance, even companies making money can lay off employees if it can be proven that the primary reason for so doing was economic (and as long as there i..
Calculate the duration and modified duration for a bond that has a coupon rate of 7% (paid annually), 3 years to maturity, a YTM of 7% and a par value of $1000. Calculate the effect on the price of the bond (in dollars) of a 3% decrease in yield usin..
Can you describe how these participants contribute to the GDP [Gross Domestic Product] and to the economic growth? How can the economy bounce back quickly from the recession? As we begin fleshing out the Wheel of Income and the National Income Accoun..
The overwhelming majority of federal cases are resolved in the _____.
Elucidate use blue points (circle symbol) to plot the federal debt as a percentage of nominal GDP for each of the six years.
What did you add more specifics and associated reasons why you decided to recommend the course of action you selected and how you believe the course of action you selected might best be carried out.
You have a gross income of $12029 in 2014. You filing status is single. You do not itemize deductions and you are allowed 1 exemption. What is your federal tax bill, assuming no phaseout of personal exemptions based on income?
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