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If GDP quadruples in 25 years and population of people grow 50% then what is the average growth per person in these 25 years? Answer is 4% but don't know how to solve.
Twenty-eight percent of all liquid crystal displays (LCDs) are manufactured by Samsung. What is the probability that in a collection of three independent LCD purchases, at least one is a Samsung?
Illustrate what should the prod level if fixed costs rose to $50000 per month Explicate.
Provide examples of businesses taking advantage (profiting from) the recent drive to “go green” (environmental consulting, etc). What are the advantages and disadvantages of going green for a company?
1. Ask the user for a positive number between 1 and 23, only accept those numbers. 2. Maintain a running sum of the numbers
If the American auto companies make a breakthroufh in automobile technology and are able to produce a car that gets 70 miles to the gallon, what will happen to the value of the dollar? Use the demand-supply model of the dollar to explain.
Two firms, each in a different country, sell homogeneous output in a third country. Government 1 subsidizes its domestic firm by s per unit. The other government intervention, the market has a Nash-Cournot equilibrium. Show that Government 1's optima..
There are lots of differences between a market served by a monopoly and a market that is perfectly competitive. Sort the items below according to whether they are associated with a single-price monopoly or perfect competition.
Seller in Bombay sells 5,000 bales of cotton to Buyer, C & F (Inco-terms 2010) Liverpool. Seller transports the cotton to the Bombay harbor and to the ship designated by the Buyer, the SS Allthumbs. Due to an error in counting, only 4,987 bales were ..
When the economy is on the short-run aggregate supply curve and to the left of the long-run aggregate supply curve, actual aggregate output will eventually equal potential output as: nominal wages fall and the short-run aggregate supply curve shifts ..
Discuss one supply and one demand side factor that determines the number of children a couple chooses to have. Based on your answer what type of programs do you think will be successful in controlling population growth.
The Sterling Corporation makes and sells motorcycles. The total cost of each cycle is the sum of the costs of frames, assembly, and engine. The firm produces its own engines according to the following cost equation: Find the firm’s profit-maximizing ..
1) The potential gain from trade for the first unit of the good they exchange is:
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