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Consider an economy described by the following equations:
Y = C + I + G
Yf = 73000
C = 2800 + 0.8 (Y - T)
I = 4200
G =8000
T = 1200
a) Calculate the short-run equilibrium output and the output gap.
the table shows the demand schedule for two consumers of lemonade eli and molly. assume that these are the only two
The price elasticity of demand for microchips is -2.5. How much should a monopolist charge for microchips to maximize profits?
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estimating the demand for money and plotting a demand curve for that estimation based on the equation
B3 Oraganization is a manufacturing firm that uses job order costing. The company applies overhead to jobs using a predetermined overhead rate based on machine-hours.
The Mixing of dry powders is normally carried out as a batch process in either vertical or horizontal mixers. Vertical mixers have a movable bowl in which the contents are mixed by mechanical agitation. Paddle agitators are commonly used and the s..
The following quotation appeared in a Wall Street Journal article on the battle for market share in the automobile industry in 2000: "The huge fixed costs involved in developing new vehicles and running big auto factories means auto makers feel co..
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Suppose that an amazing new fertilizer doubles the production of potatoes. How would this discovery affect the production possibilities frontier.
In which direction with the substitution effect change the firm's employment and capital stock.
In some economies relative supply may be unresponsive to changes in prices. For example, if factors of production were completely immobile between sectors, the production possibility frontier would be right-angled, and output of the two goods woul..
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