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Stan Money maker has been shopping for a new car. He is interested in a certain 4-cylinder sedan that averages 28mpg. But the sales-person tried to persuade Stan that the 6-cylinder model of the same automobile only costs $2500 more and is a better vehicle. How much extra would Stan really be paying for the 6-cylinder if he drives 100,000 miles at $4.00 per gallon?
If the unemployed workers in the newly unionized sector spill over into the nonunion sector? How many employees will be hired in that sector? D. What is the union relative wage advantage? What is the true absolute effect?
Policymakers should have a detailed knowledge and profound understanding of all theoretical models and should design economic policy based on that knowledge.
q.conclusion at harding silicon enterprises inc.harding silicon enterprises inc. produces less than 1 of the worlds
The lunch you buy in your school cafeteria is classified as: a) a consumer durable. b) a consumer nondurable. c) a service. d)either a consumer nondurable or a service because it fits into both categories.
A firm expects to earn $14,000 a year on $112,000 investment. Calculate the expected profit rate. Show work. This firm would be willing to make this investment provided the interest rate is lower than what?
Explain these varied outcomes in terms of how the market system answers the question "What goods and services will be produced?"
What institutions are prerequisite for economic growth? What is the role of rule of law in economic development?
Illustrate what is the purpose of macroeconomic models. Explain how a model of ice cream production can be used to explicate 50-fold income differences across countries.
Elucidate the fact that the cross-price elasticity of natural gas with respect to the price of fuel oil.
Illustrate would be the effect on D' of decreasing the variable cost per unit by 25% if the fixed costs thereby increased by 10%.
If individuals resisting change are included in making change decisions in an attempt to gain their support, what is this approach called?
How did increased competition and excess capacity impact firms in consumer goods industry in late 19th century. Why were horizontal mergers attractive to these firms.
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