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Why is it possible that the stimulus package might not generate long-term benefits?
Which types of spending might have a longer-term impact?
What will happen when the initial injection is spent?
The chart below gives prices and output information for the country of Utopia. Use this information to calculate real and nominal GDP for both years. Use 2001 as the base year.
Dyna Rubber Inc. manufactures a high performance tire called the Sport 70. Fixed development costs for the current year are $600,000 per year. Marginal costs for manufacturing and distribution are $63 per tire. Calculate the output, price total reven..
A semiprofessional baseball team near your town plays two home games each month at the local baseball park. The team splits the concessions 50/50 with the city but keeps all the revenue from ticket sales. Fill in the blanks The team earns $....... in..
How does lean maintenance differ from the traditional approach under which a maintenance department has the responsibility for all maintenance functions? Which level on the maintenance performance hierarchy would you expect to find a lean maintenance..
Foods Inc (FI) sells 5 million units per year of its only product (SuperFood) through a major retailer. SuperFoods’ retail price is $5 per unit which included a margin to the retailer of 20%. alculate SuperFoods’ per unit variable cost, Calculate Su..
You have a comparative advantage in producing something when you;
Suppose a consumer with income m = 12 has preferences that are represented by the utility function u(x1, x2) = x^3,x. The prices for goods 1 and 2 are p1 = 1 and p2 =1. What is the equation for the consumer’s budget line? What is the equation that de..
Suppose a monopolistic competitor in long-run equilibrium has a constant marginal cost of $6 and faces the demand curve given in the following table: what output will the firm choose? what will be the monopolistic competitors average total cost at th..
The federal funds rate is currently held in the 0-025% (zero-bound) range. Suppose the Fed suddenly announces that it will raise the target federal funds rate to 1% over the next 6 weeks. Given these effects and current macroeconomic conditions, wo..
Suppose the own price elasticity of demand for good X is -3, its income elasticity is 2, and the cross price elasticity of demand between good X and Y is -5. Determine how much the consumption of this good will change if:
Which one, if any, of the alternatives should be selected? Use a challenger-defender rate of return analysis.
The process by which economics test hypotheses against facts to develop theories, principles also models
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