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1. Which sector (household, business, or international) spends the most? Which sector spends the least? Which sector, because of volatility, has importance greater than is warranted by its size?
2. Using the circular flow diagram, illustrate the effects of an increase in taxes imposed on the household sector.
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The arrival of a new budget airline on the scene.
Each firm in a competitive industry has an identical cost structure wherein long-run average costs are minimized at q=20. The minimum average cost is $10/unit. Suppose the market demand is given by Q=1500-50P.
Where PX is price of donut; PC is price of coffee; M1 is Ross's income; M2 is Jennifer's income. Suppose Price of coffee is $10, Ross's total income is $1000 and Jennifer's total income is $2000. A) Find market demand function for donuts. If marke..
buy for 48,000.00 a parking lot. Revenues average 19,000.00 per year for the last 3 years. Annual gross revenue will increase by 10%. The 48,000.00 will come from an inheritance which is currently earning 4.25% interest compounded annually.
The flat aluminum bar shown in profile has a constant thickness of 10 mm. Determine the elongation of the bar caused by the 6-kN axial load using numerical integration. For aluminum E = 70 × 109 Pa.
a. Determine the following measures at all levels of output: MPL, APL, TFC, TVC, TC, TR, AVC, ATC, AFC, MC, PROFIT b. At what level of output is the profit maximized c. What kind of observations can you make about MC, the product price , and the wage
Assume that the market equilibrium rent for two-bedroom apartments in Santa Monica, California is $1500 per month and the quantity is 40,000 units. The city council of Santa Monica establishes a rent control of $1200 per month on two-bedroom apart..
Suppose a pizza parlor has the following production costs: $3.00 in labor per pizza, $1.oo in ingredients per pizza, $0.20 in electricity per pizza, $2000 in restaurant rent per month, and $450 in insurance per month. Assume the pizza parlor produ..
Explain a possible cause for the change in Ns 4. Estimate the elasticity of demand for B&B professionals in the macroeconomy (calculation and explanation) 5. Graph the two equilibrium conditions 2 X-intercept for Ns; Y-intercept and X-intercept for N..
compute the demand schedule showing the number of workers hired for all wages from zero to $100 a day. What happens to this demand curve if the price of output rises from $10 to $12 per unit?
a) Based on these estimates, what is the maximum share price that Happy Times should be willing to pay for Joe's?
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