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When nominal GDP is greater than real GDP it means prices have fallen since the year we use as a standard for constant prices. the population has increased. There is a mistake because nominal GDP can never be greater than real GDP. Prices have risen since the year we use as a stande for constant prices. the population has decreased.
The annual opperating cost of the new operating machine is $7,000. The company uses a 20% MARR. Calculate the annual equivalent total cost for each machine. Would you replace the old machine at this time?
The manager of a local monopoly estimates that the elasticity of demand for its product is constant and equal to -3. The firm’s marginal cost is constant at $25 per unit. a. Express the firm’s marginal revenue as a function of its price. b. Determine..
Jennifer has $10 to spend on tomatoes and cheese. The price of a pound of tomatoes is $2 and the price of a pound of cheese is $4. She has found her utility-maximizing bundle at 2 pounds of tomatoes and 1.5 pounds of cheese. Suppose Jennifer's income..
In the island nation of Isolandia the GDP in period 1 is recorded as $1,600 billion. The nation runs a current account deficit of $200 billion in this period, due to which it borrows money at a market rate of interest of 4 percent. Compute the value ..
Which of the following are examples of economic indicators? check all that apply. Which of the following statements regarding procyclical, countercyclical and leading economic indicators is corrects? check all that apply
State three examples of empirical evidence of the "under-reaction" of share prices to events and give an explanation to each of them.
Effective marketers are quite aware of the relationship among
Elucidate how much consumer surplus would be created by randomly assigning buyer to sellers. Which method gives the larger surplus.
Tramson Corp has experienced steady increases in its inventory turns over the past several years. Indicate the impact of this on the company's current ratio, quick ratio, and statement of cash flows, respectively.
Research the world market economy during the seventeenth and eighteenth centuries. Use the following to guide your research: Choose one significant event that occurred in the world market economy within this time frame. Describe your chosen event, it..
Many observers claim that “fee-for-service” payments create incentives for physician to employ higher-cost treatments. Is this an intrinsic feature of FFS payment systems? If so, explain why. If not, what is the correct way to view the financial ince..
If firms can easily substitute another input for the one that has increased in price, there may be little increase in costs. If an input constitutes a large fraction of total costs, an increase in its price will raise costs significantly.
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