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What is the corresponding stock variable to the flow variable "investment"? 1. (Owner's) Equity 2. Debt 3. Inventory 4. Wealth 5. Capital Stock
In 2007 the U.S. was faced with two events. At the beginning of 2007, oil prices more than doubled. A financial crisis hit the economy starting in August 2007 causing a reduction in consumer and business spending. These events led to a rise in th..
How is the equilibrium price determined? What happens if the price is above the equilibrium price? What happens if the price is below the equilibrium price?
Suppose the price of housing stays at 2 and the price of food stays at 10. What will happen to her budget constraint if her income increase to 100? What happens to her budget constraint when her income decreases to $20.
Questions: : Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month? Explain your choice.
What does the sharing economy mean to you? What are the benefits of living in a sharing economy? What is a potential downside? Have you had any personal experience with the sharing economy? What would you share, what wouldn't you share?
Assume that demand for a commodity is represented by the equation P = 10 - 0.2 Q d, and supply by the equation P = 2 + 0.2 Qs where Qd and Q s are quantity demanded and quantity supplied, respectively, and P is the Price.
Suppose you currently live and work in cleveland, earning a salary of 70,000 per year and spending 30,000 for housing. you just heard that you will be transferred to a city in california where housing is 55% more expensive. In negotiating a new sa..
1) The probability of A is 0.50, the probability of B is 0.45, and the probability of either (i.e. P(A[B) is 0.80. What is the probability of both A and B?
Two firms dominate the market for surgical sutures and compete aggressively with respect to research and development. The following payoff table depicts the profit implications of their different R&D Strategies.
what is the least-cost input-combination of labor and capital and how much output is produced with that set of resources?
2.The demand for a luxury good whose purchase would exhaust a big portion of one's income is: a.perfectly price inelastic b.perfectly price elastic c.relatively price inelastic d. relatively price elastic
Consider the effects of a new matter transmitter,an indivisible input that is economical for trading firms in the city, but not for an individual household. The volume of trade in the region will [increase; decrease; not change]
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