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Can a government achieve a low inflation rate and low unemployment?
Find the amount of consumer surplus(CS) for a linear demand P = 20 - 2x, when (i) P = 0 and (ii) P =10 What is the maximum and the minimum amount of CS a consumer can have for this demand and at what prices?
What is the future worth of a series of equal monthly payments of $5,000 if the series extends over a period of six years at 9% interest compounded?
In order to help keep America's sugar growers in business, Congresswoman Tina Rodriguez has proposed that the government help these struggling
Suppose it takes New England two hours to produce a bushel of corn and six hours to produce a bushel of wheat. What is New England's opportunity cost of producing a bushels of corn?
In 1996 dairy farmers, hurt by a decade of low milk prices, began reducing their herds. Subsequently Kenneth Hein, a Wisconsin farmer, said he was getting $16 per 100 pounds of milk, rather than $12, which he had gotten earlier. Why did the price inc..
A 50-kilowatt gas turbine has in investment cost of $40,000. It costs another $14,000 for shipping, insurance, site preparation, fuel lines, and fuel storage tanks. The operation and maintenance expense for this turbine is $450 per year. Additionally..
Given the debates concerning the use of capital budgeting could you make an argument for the use of capital investments
Jack is looking to replace the recently sunk Black Pearl. In an uncharacteristically well-behaved moment, he considers buying a new ship with his pirate's hoard of gold. But which to buy? The Retribution costs $7,000 and should last three years, wher..
While purchasing _____ an individual whose cost of time is low will visit a larger number of dealers compared to the individual whose cost of time is high.
By what dollar amount did the M money supply change as a result of this single, isolated transaction?
Consider the example of the rancher (R) and the farmer (F). As in class, the cattle will cause $100 damage to F’s crops, if left unchecked. It would cost R $75 to fence his range, and it would cost F $50 to fence her field. transaction costs are high..
Suppose that the Bank of Canada unexpectedly decreases the money supply. What will happen to unemployment in the short run? What will happen to unemployment in the long run?
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