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Susan switches from going to Speedy Lube for an oil change to changing oil in her own car herself. Which of the following is correct? The value of changing the oil is A) included in the GDP whether Susan changes the oil or pays Speedy Lube to do it B) included in the GDP whether Susan pays Speedy Lube to change it but not to change it herself C) included in the GDP if Susan changes it herself, but not if she pays Speedy Lube to change it D) not included in the GDP if neither Susan or Speedy Lube changes the oil
What effect wills an increase in interest rates have on supply and/or demand of unskilled labour. Would wage rates increase or decrease.
q.in a certain city where all parking is controlled by the city it is possible to provide parking facilities in the
A fleet manager must choose between two trucks to purchase for a company's fleet. The company uses an interest rate of 5% and will keep either truck for 4 years. Truck A costs $28,000 and has a market value of $17,000 after 4 years. Determine the equ..
A jar contains 21 pink and 26 navy marbles. A marble is drawn at random.P(navy)Express the probability as a decimal. Round to the nearest hundredth.
In late 2006 and early 2007, orange crops in Florida were smaller than expected, and the crop in California was put in a deep freeze by an Arctic cold front.
What is the current household saving rate in the United States? What do you think of this saving rate? Too high or low?
Which of the following changes would shift the demand curve for a good or service?
You own a pizza shop and you use both labor and capital to make your pizzas. Currently the marginal product of labor is 5 pizzas per hour, while the marginal product of you capital is 2 pizzas per hour. You pay your labour $10 per hour, and your capi..
How would you describe in factor notation the present worth of a cash flow that gives you $10 in periods zero through 20, then in period 21 gives you $8, in period 22 gives $6, and so on, until period 24 when you recieve $2.
Directions: Create a Feasibility Study for Harley-Davidson using the following outline:
This marginal cost is the only cost associated with the product. Illustrate what are the profit-maximizing price also quantity. Illustrate what are your optimal price also quantity.
In neoclassical economics, based on the cost and the demand, a firm is assumed to choose its profit maximizing level of output. According to Hayek, what’s the problem with these assumptions?
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