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What are the main contributors to the GDP?
What law believes that law is simply the commands of the state backed up by force and punishments? Which idea of law tries to go beyond just the words of law to examine what police, administrators, prosecutors, and judges are actually doing as they e..
Toby uses apple (A) and labour (L) to produce juice (q). His production function is: Draw the Toby’s expansion path on a diagram from a). Derive an expression for the expansion path. How does it depend on the wage and the price of apple? What is Toby..
Ashley works for McKennel and Associates, a large business consulting firm. ABC Company has developed, according to industry sources, a new process of building low-emission, high mileage gas engines for automobiles. XYZ, a competitor of ABC, hires As..
The following table shows bottled water demand and supply for a particular city: Draw supply and demand curve. Identify equilibrium price and quantity. Identify Consumer Market Surplus and Producer Market Surplus. Using your graph, calculate the doll..
find the quatanties of capital and labor that maximize output,while at the same time satisfy the firms budget constraint. what will happen to the firms output if the budget is raised by 100?
Clarify the three different ways in which governments can control prices and output in natural monopolies.
You would like to save money to buy a new car that costs $10,000, but currently only have $8,000 and you know you won’t have any further excess savings to contribute more to it. You have available to you a fairly good savings account which pays conti..
What is the average accounting rat of return (apr) on a piece of equipment that will cost $1.2 million and that will result in pretax cost savings of $380,000.
What does it mean for there to be a pay gap with respect to gender? Is a pay gap the same as gender discrimination? If you answer yes to the 2nd question
What is the difference between growth rate of efficiency and level of efficiency?
How much is a college education worth? In the text, we supposed a col- lege education raised a person’s wage by $30,000 per year, from $40,000 to $70,000. Assume the interest rate is 3% and there is no growth in wages, then answer the following. Disc..
The short-run aggregate supply (SAS) curve slopes upward because households spend more as their incomes increase. The long-run aggregate supply curve can never shift.
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