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What is the term for the economic philosophy that favors strict limits on imports and strong support for exports to foster economic? growth?
q1. in a perfectly competitive firm when you have a table which gives quantity cost total costs explain how can you
Is war only called for when our country is directly threatened by another country, or are there additional reasons to justify taking up arms against another nation? If not, then are there alternative responses our country can take to other government..
Tammy Walters wants to know what price home she can afford. Her annual gross income is $40,000. She owes $750 per month on other debts and expects her property taxes and homeowners insurance to cost $250 per month.
Q1. An accountant finds that the trial balance of his client did not tally and it showed an excess credit of Rs. 69.74. He transferred it to a suspense account and later discovered the following errors.
Suppose that people expect inflation to equal 3 percent, but in fact, prices rise by 5 percent. Describe how this unexpectedly high inflation rate would help or hurt the following:
Do you think in legal matters and health matters and so forth people should be economically valued differently? or should there be one standard amount each person is worth/
A consumer has preferences u(x) = 2x 1 2 1 + x2. The price of good 1 is p1 > 0 and the price of good 2 is 1. You may restrict your attention to interior solutions throughout. Explain whether these preferences are i) monotonic, ii) quasilinear, iii) e..
Suppose there are two consumers, A and B, and two goods, X and Y. Consumer A is given an initial endowment of 6 units of good X and 1 units of good Y. Consumer B is given an initial endowment of 2 units of good X and 7 units of good Y. Suppose the pr..
You are given the production function Y=F(K,L)=K1/3L2/3 . a. Convert the production function to a function relating Y/L to K/L. b. Consider two countries that have access to the same technology, the same quantity of labor and capital, the same produc..
Suppose the federal government coughs up the $3 billion needed to build a replacement for the Brent Spence bridge crossing the Ohio River between Cincinnati and Covington. Discuss why the impact of that project on the local economy would ultimately b..
Firms often face the problem of allocating an input in fixed supply among different products. Find theoptimal crude oil allocationfor the following example if the profit associated with square foot of fiber is cut to $0.375, while the profit asso..
An alternative requires $30203 to be paid over the course of year 1, $75000 over year 2, and $40000 over year 3. All values are in constant dollars. Using the tables in the chapter, compute the NPV of this alternative.
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