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Define what is the sum of all the money that the federal government has borrowed over the years and not yet repaid?
In the production function Q = 10L1/2K1/2calculate the slope of the isoquant when the entrepreneur is producing efficiently with 9 laborers and 16 units of capital.
Describe an important insight of Keynesian economics (aggregate supply and demand equilibrium, aggregate expenditures and income expenditures equilibrium) and give an example.
1. the presence of diminishing returns to capital doubling the amount of physical capital available for one worker to
In the short run a firms total cost of producing the hundreth unit of output equals $10,000. If it produces one more unit its total costs will be $10,150. whats the marginal and average total cost of the 101st unit and whats the average total of 100 ..
Solve for the equilibrium price and quantity. Assume the price is expressed in dollars and the quantity is defined in 1,000's of units.
Plot the production possibilities frontier in Question 1 on a graph. Measure food along the horizontal axis and tractors along the vertical axis and plot the new production possibilities frontier
State an economic product for which the demand rises faster than income when income grows.
Consider an issue in public economics of your own choosing. Provide a full background to the problem and identify the role for government (or other) in generating a solution.
Compute the velocity for the two countries in 1985. Explain why do you think the velocity was so much higher in Brazil.
Illustrtae what are the advantages and limitations of International Trade identified in the simulation.
Getrude buys unit trusts and invests for growth.She bought 2,200 units at a price per unit of £69, plus an initial charge of 5%. Calculate the total cost of the units including initial charge.
Calculate the annual worth (years 1 through 7) of Merchant TruckingCompany's cash flow. Use an interest rate of 10% peryear. Year 0 1 2 3 4 5 6 7 Cash Flow, $ millions 450 -40 200 200 200 200 200 200
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