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Suppose an economy produces three goods: apple, orange, and banana. In 2015, the
Economy produces 1000 tonnes of apples, 2000 tonnes of oranges, and 3000 tonnes of banana, and the market prices (in 2015 dollars) are $3 per tonne, $2 per tonne, and $1 per tonne, respectively. In 2016, the production is 2000 tonnes for all three goods, and the market price (in 2016 dollars) is $2 per tonne for all goods. Now compute (a) real GDP for 2015 and 2016, using 2015 as the base year; (b) a GDP de?ator from 2015 to 2016, using again 2015 as the base year.
Using the probability from part a, if 5,000 data sets include 10,000 random numbers, how many of these data sets would be expected to have a sample mean of at least 0.499
Elucidate the rationale and the implications of the new guidelines used by the Department of Justice and the Federal Trade Commission for evaluating proposed mergers.
Which of the following best characterizes changes in the U.S. long-run aggregate supply curve during the past 50 years (taking into account that the economy has acquired better technology)?
Explain how does global economic competition impact price elasticity in domestic market and decisions related to strategy a firm uses to compete.
Discuss the relationship between the level of GDP and economic well-being. What factors of well-being are missing from the GDP? Is there a point where the GDP could increase to such a high level
Explain how are poor infrastructure, lack of financial institutions and a sound money supply, low saving rate poor capital base.
What is meant by "retrospective" billing of health care expenses. How can a system of retrospective billing impact health care expenditures
q1. suppose that all the necessary conditions exist for the realization of equal wage rates in every market of labor
Van Doren Housing expects to have sales this year of $18 million under its current credit policy. The present terms are net 30; the days sales outstanding (DSO) is 48 days; and the bad debt loss percentage is 4 percent. What would be the incremental ..
Use the concept of the hydrologic cycle to explain how contamination of surface waters can also cause degradation of groundwater.
The cost functions of a competitive firm are: TC = 40 + 2.5Q2. The marginal cost function is MC = 5Q. There are currently 200 identical firms in the industry. The demand function is P = 16000/Q. Find the market equilibrium price and quantity. Explain..
Managers and executives must be actively involved in the development of Business Continuity Plans (BCPs), as they are critical for continuing business operations in the event of disruptions.
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