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Your friend, Sarah Occupy, is complaining, “The one percent is at it again! They want to cut the payroll tax that employers pay to finance unemployment insurance. This will help employers but do nothing to help the workers.” Is Sarah right or wrong? Use economic analysis (graphically illustrated) to support your answer.
one year later, the new class discovered that, at a price of 30 cents per can, the number of cans has fallen to 125 and two revenues are down. (A) Compute the price elasticity of demand in the first and second cases. (B) Explain what may have happ..
Calculate the Mean from the following Frequency Distribution:
Initially, the economy is in long-run equilibrium. The aggregate demand curve then shifts $80 billion to the left. The government wants to change spending to offset this decrease in demand. The MPC is 0.75.
Which of the following is important if forecasting is to have the desired positive effect on decisions?
Discuss in your opinion what you feel were the major positive and negative impacts of Big Business on the U.S. economy.
If a central bank reduced inflation by 2 percent age points also to made output fall by 3 percent age points for 2 years
Max has the utility function U(x, y) = x(y + 1). The price of x is $2 and the price of y is $1. Max’s Income is $11. How much x does Max demand? How much y? If his income doubles and prices stay unchanged, will Max’s demand for both goods double?
q.covington corporation purchased a vibratory finishing machine for 20000 in year 0. the useful life of the machine is
Utilize this expression to derive the potential bounds for the income elasticity of other goods.
What is the cost of regular unleaded fuel in your town? What are some contributing demand and supply factors to the differences in fuel prices around the country?
If Jim is putting money into a savings account. He puts in $100 monthly. At the end of each year he gets a $500 bonus from work that he also deposits. If the savings account has a 5% interest compounded monthly, what will his future savings be in 5 y..
If a monopolistic firm (price searcher) can sell 9 units at a price of $100 each but must reduce its price to $80 in order to sell 10 units, then Demand is inelastic and marginal revenue is negative. Marginal revenue is falling but is above price
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