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Why is it that in production sometimes after a certain point increase in inputs leads to less return?
Suppose that the production function for the economy is: Assume that real GDP is $12,000 billion, the capital stock is $40,000 billion, and the labor supply is 200 billion hours.
Do comparision with the economics of the two following service producing alternatives.
Construct a table showing the marginal failure reduction (in units) and the dollar value of these reductions for each inspector hired.
Patients who need the surgery must pay for it themselves. Among which of the surgeries has the lower inflation rate.
Use Okun's law to determine the size of the GDP gap in percentage-point terms. If the potential GDP is $500 billion in that year, how much output is being forgone because of cyclical unemployment?
what must the rate on municipal bonds be in order for the marginal investor to be indifferent between purchasing municipal bonds or CDs - what will be the maximum price people will pay for it?
Determine how much of the Social Security benefits must be include in income for a single individual who had $20,000 in dividend income and $5,000 in interest from tax-exempt bonds in addition to receiving $10,000 in Social Security benefits.
Calculate the dividend yield, the capital-gains yield, and the total return to the stock. Express your calculation in percentage terms.
assume that b12 and that initially the real interest rate is equal to the marginal product of capital at 3. as well
unemployment is one of the major concerns that people have in todays economy since losing ones job can be one of the
According to the Keynesian model, what are the two components of consumption spending? What factors determine how consumption changes when real disposable income changes? Explain.
Two firms dominate the market for surgical sutures and compete aggressively with respect to research and development. The following payoff table depicts the profit implications of their different R&D Strategies.
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