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Inflation problems. Search the Internet for the 2013 Economic Report of the President and use the GDP deflator price index to answer these questions.
a. Provide the Internet address to prove you found the table.
b. An analyst locates a study that estimates the average beachgoer was willing to pay $2.25 per hour in 2000 to visit a renourished beach. What is the value of this in 1999 dollars?
c. An analyst determines that the real operating expenses for a sewage treatment plant were $40,000 in constant 2000 prices. What is the value of this expense in 2010 prices?
Assume a monopolist faces the market demand function P=a-bQ. Its marginal cost is given by MC = c+ eQ. Suppose that a > c and 2b + e > O.
Derive an expression for the marginal utility of good 1, and for the marginal utility of good 2. Using these, solve for an expression describing the slope of an indifference curve: MRS(x1,x2).
Describe the economic causes also consequences of environmental devastation and its impact on achieving sustainable growth and development.
Consider a market for meals in a school cafeteria. Suppose that in this market only one seller (the school foodservice unit) can sell meals to an unlimited number of students. What is the price elasticity of demand at p=4 at that price
Utilizing a supply and demand diagram, explain how speculative attacks occur in the foreign exchange market.
Assume that a "leader country" has real GDP per capita of $40,000, whereas a "follower country" has real GDP per capita of $20,000. Next suppose that the growth of real GDP per capita falls to zero percent in the leader country and rises to 2 perc..
In the early 1980s, interest rates on long-term debt were at remarkable levels - above 15% with some even higher. Within a decade, rates had dropped precipitously. I have a couple of questions about that What would the effect of a decline in inte..
Prior to 1999, PepsiCo did not have a product that competed directly against Sprite and had to decide whether to introduce such a soft drink. By not introducing a lemon-lime soft drink, PepsiCo would continue to earn a $200 million profit, and Coc..
Leigh will use 16 connecting cubes to make a model of a playground.The model will be in the shape of a rectangle and will have a heigh of one cube. in how many different ways can leigh make the model of the playground.
the bretton woods system and institutions setup after world war iinbspthe u.s. dollar as a reserve currencymost of the
Use quintiles to briefly summarize the degree of income in equality in the united states. how and to what extent does government reduce income inequality?
Based on the above graph, answer the following questions for a monopoly and a perfectly competitive firm. A. For the monopolist: i. Profit maximizing output = ii. ATC = iii. AR = iv. Price = v. Total Revenue = vi. Total Cost = vii. Profit = GE273
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