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In 900 words or more needs to be general in nature and should reflect your beliefs, and not necessarily a statement of fact. Are your values based on family, health, achievements, wealth, job success, happiness, faith, love, or anything else that you hold in great esteem, that perhaps you would be willing to even die for? Think of your value statement as what defines you as a person.
Suppose that nominal GDP in year 1 is 200 and nominal GDP in year 2 is 242. Assume that inflation is 10 percent per year. How fast did the economy grow between these two years?
One point made is that most demand curves are downward sloping. Can you think of any situation where an individual's demand curve for a product is upward sloping.
Some of the forces working against freer global trade are:
Suppose you can hire your mechanic for up to six hours. The total benefit and total cost functions are B(H)=420H-40H^2 and C(H)=100H+120H^2. The corresponding formulas for marginal benefit and marginal cost are MB(H)=420-80H and MC(H)=100+240H. Write..
What should have happened to their real wage. Given a constant MPL, barbers should have experienced no wage change. D. In what units is real wage in part.
Suppose a monopolist faces demand of Q = 300 – 2P and has a total cost curve of TC = 75Q + Q2. What is the firm’s marginal revenue? What is the firm’s marginal cost? Find the firm’s profit-maximizing price and profit.
Suppose that 8000 (i.e 8 units of one thousand) construction permits are expected to be issued in 2010. What would be the point estimate of Phoenix lumber Company’s sales for 2010?
What happens to the money supply, interest rates, and the economy if the Federal Reserve is a net seller of government bonds? What happens to the money supply
Calculate the CRF for an incremental tax of 40%, a depreciation life of 20 years, a depreciation schedule that is straight line over the same 20 years and a 15% after tax rate of return.
Katrina's Candies specifically. Distinguish between a change in demand and a change in the quantity demanded (movement along the demand curve).
Suppose that the current exchange rate is 200 yen per dollar, the U.S. interest rate is 6%, the Japanese interest rate is 4%, and there is no risk premium. What do you expect the exchange rate to be a year from now?
Riley deposits $4,000 cash in her checkable deposit at Fershur Bank. If the desired reserve ratio is 5%, Fershur Bank’s
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