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Q1. Suppose that MNL Logs harvested the logs in October 2011 and sold them to MNL number in December 2011. MNL number then sold the finished number to MNL Furniture in April 2012 and MNL Furniture sold all 100 tables during the rest of 2012. By how much did GDP increase in 2011 and 2012 due to these transactions?
Q2. John and Mary each buy a new house for $400,000. Mary pays cash. John borrows the full $400,000 from the bank and pays interest at the market interest rate of 4 percent. Is it correct to say that the cost to Mary of living in her house is less than the cost to John? Why or why not?
Explain what occurs when a new technology makes another one obsolete in terms of economic profit?
Using a wholesale price of $4 per case in each state, calculate the breakeven output quantities for each alternative.
Air transport for businesspeople and tourists
Explain how the U.S. economy may self-correct back to the long-run equilibrium where actual GDP equals to full GDP and there is full employment.
Michael spends $10 a month on both Pez dispensers and Superman action. His marginal-utility-to-price ratio for the Pez dispensers is 40.
What What marketing strategies should Radiance pursue in the next five years? Explain why the strategies you select would best fit the organization. in the next five years? Explain why the strategies you select would best fit the organization.
The impossible trinity refers to the idea that a country can simultaneously pursue only two of the three following policies: free international-capital flows, monetary policy for domestic stabilization, and a fixed exchange rate.
Assume that the returns of these stocks are independent of each other. Find the mean and standard deviation of the total amount that this investor earns in one year from these four investments.
Semiconductor chips are used to store information in electronic products, such as personal computers. One of the early leaders in the production of these chips was Texas Instruments (TI).
Illustrate the solution graphically using Labor Supply / Labor Demand and Production Function diagrams.
At a separating perfect Bayes-Nash equilibrium, what is the maximum amount of advertising that a restaurant conducts. What is the minimum amount.
he perfectly competitive form maximizes profits by producing 10 units of output. At what price does it sell these units.
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