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What are the limitations of the GDP in measuring total output and national welfare?
What products (goods and services) are excluded from the GDP computation?
What are the impacts of the shortcomings of the GDP as a measure of the national product and national welfare?
American and Japanese workers can each produce 4 cars a year. An American worker can produce 10 tons of grain a year, whereas a Japanese worker can produce 5 tons of grain a year. To keep things simple, assume that each country has 100 million work..
Consider a consumer with utility function u(x1,x2) = x1x2 and income m who faces given prices p1 and p2. What is the effect of the increase in price on the consumption of good 1? How much of this effect in consumption is due to the income effect and ..
Since all the Hawkins Company's costs (other than advertising) are essentially fixed costs, managers want to maximize total revenue (net of advertising expenses). According to a regression analysis (based on 124 observations) carried out by managers,..
The interest rate is 12%. What is the present worth of rebuilding the dragline?
One month ago, they added five workers, and productivity also increased by 50,000 pages per day. Copiers cost about twice as much as workers. Would you recommend they hire another employee or buy another copier?
Discuss the shortcomings of using the Price Earnings multiple valuation method.
Which of the following statements describes the experiences of the Whirlpool Corporation since it was established in 1911? strong uninterrupted growth in demand, little or no growth in the long run, but very vulnerable to the business cycle.
Suppose the state is trying to decide how many miles of a very scenic river it should preserve.
How much would you have to invest on a monthly basis to yield $1,000,000 in at your retirement i fthe return rate is 4.5% compounded monthly?
q.marys fence post factory faces a perfectly elastic demand curve for fence posts at a price of 39 per post. let q
The LoJack car recovery system allows the police to track stolen cars. As a result, they not only recover 90 percent of LoJack-equipped cars that are stolen but also arrest many auto thieves and shut down many "Chop shops" that take apart stolen vehi..
A public private initiative in Texas will significantly expand the wind generated energy throughout the state. The cash flow for one phase of the project involving Centrals point Energy, a transmission utility company, is shown. How many number of RO..
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