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In 1990 Sweden had a gdp of $69 billion (measured in us dollars) and a population of 5.0 million. in 2010, Sweden had a gdp of $157 billion (measured in us dollars) and a population of 5.9 million. By what percentage did Sweden's gdp per capita rise between 1990 and 2010?
If there are 13 eligible candidates for these positions (where rank matters), how many different ways can the members of the cabinet be appointed?
Suppose there is a $200 billion recessionary gap. If there are no taxes or imports to restore the economy back to potential GDP how much should government expenditure be changed if the marginal propensity to consume is 0.75? Does government expenditu..
The owner's of a small manufacturing concern have hired a manager to run the company with the expectation that he will buy the company after 5 years. Does this contract align the incentives of the new vice president with the profitability goals of th..
Bailey, Inc., is considering buying a new gang punch that would allow them to produce circuit boards more efficiently. The punch has a first cost of $135,000 and a useful life of 15 years. At the end of its useful life, the punch has no salvage value..
Suppose that the demand curve for a product is given by P=36-Q where P is in thousands of dollars per auto and quantity is in millions of cars per year. What other things are held constant when one moves along a demand curve?
A study of the costs of electricity generation for a sample of 56 British firms in 1946-1947 yielded the following long-run cost function: Determine the long-run average variable cost function for electricity generation. Determine the long-run margin..
Thinking back to the business cycle discussion, how would Keynesian economists explain the performance of the economy during the last few years? Show graphically using the AD/AS model, and explain your reasoning.
Assuming a nominal interest rate of 15.5%, which alternative should the couple select? Use a present worth analysis.
"The second hamburger tests as good as the first hamburger". Which principle does this statement violate? WHY? Explain briefly.
The Teenager Company makes and sells skateboards at an average price of $70 each. During the past year, they sold 4,000 of these skateboards. The company believes that the price elasticity for this product is about -2.5. Which of the following would ..
Describe the short-run impact that economic fluctuations and growth (or lack thereof) have had on aggregate supply, aggregate demand, output, unemployment, and inflation.
Which of the following functions is not performed by any of the 12 regional Federal Reserve? banks? Conducting economic research related to monetary policy
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