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1. Given a point E in an IH-IS space, if r increases and q increases where is the new point (E') relative to point E? (Given r change is less than q change) a. above left of point E b. above right of point E c. below left of point E d. below right of point E e. none of the above
2. Given 4 treatments, their survival rates, and cost: Treatment Z: 50%, $3,000 Treatment Y: 60%, $4,000 Treatment X: 66%, $4,100 Treatment W: 72%, $4,500 no treatment gives a survival rate of 2% Is there an OBVIOUSLY DOMINATED treatment? IF yes which one? a. No; None b. Yes; X c. Yes; Y d. Yes; Z e. Yes; W
The firm requires at least 10 units of input A or 2 units of input B in order to produce 1 unit of output Y. Describe this technology by mathematical function. Draw the production isoquant that corresponds to 40 units of output Y.
Now suppose that at the end of the year, Apple has sold 20.3 million iPhones. What was Apple's planned investment? What was apples actual investment?
Which of the following is an example of offshoring? Thomas L. Friedman, a columnist for the New York Times, advanced a theory that he called the "Golden Arches theory of conflict resolution." What does that theory state?
List and discuss a situation where emissions standards would be preferable to either pollution taxes or a system of transferable permits? Explain how an economist would determine the optimal level of a pollution tax. What is the major uncertainty in ..
The U.S. has a teen pregnancy rate that is twice that of the U.K. and Canada, and four times that of France and Sweden, even though the rates of teenage intercourse are similar. Why do we see this trend, and what can be done about it?
Why would the gov't want to limit gas price increases? Isn't that exactly what we want to happen (price increases), to allocate scarce resources? Is the gov't in the 'price control' business, and if they are, how does this work, in free-market capita..
When the minimum wage is set above the equilibrium market wage,
The recent financial crisis has led to an unprecedented increase in government spending across the world. Explain the long-run impact of this increase in spending on an economy like the U.S.. Is the impact on a country like Singapore would be differe..
If she has invested in a stock fund that averaged a 15% rate of return over that period, and she expects to make the same annual investment and get the same performance in the future.
ABC has a proposed project which will generate sales of 182 units at a selling price of $351 each. The fixed costs are $20,028 and the variable costs per unit are $79. The project requires $176,917 of machinery which will be depreciated on a straight..
The present value of a perpetuity that pays $F every year when the annual rate of discount is i is? Consider a three-year fixed-payment security that has a present value of $1,000. If the annual rate of discount is 7 percent, the payment made at the ..
Consider now an economy where you need to search for a job. Let b be the fraction of people that do not have a job and are searching for one. Here active population and working age population do not coincide. Let s be the job separation. Write the eq..
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