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If private investment increases by $1, real GDP increases by $4. What do we call this in economics? Can you explain why this might happen?
As the manager of a retail outlet, what factors will determine whether you should charge the suggested retail price or some higher or lower price?
Suppose Yon Sun Corporation's free cash flow during the just-ended year (t = 0) was $100 million, and FCF is expected to grow at a constant rate of 5% in the future. If the weighted average cost of capital is 15%, what is the firm's value of operatio..
Explain why economists teach that free competitive markets (with secure property rights, no externalities, and so on) in equilibrium are highly likely to be very good social mechanisms for societies to utilize in order to organize the production and ..
Compare and contrast the problems associated with file systems with the disadvantages of database systems.
A country has only been in existence for two years. In the first year, receipts were $1.5 million and outlays were $2.0 million.
What were the major forces behind urban growth in early United States history? What influence did urban growth have on urban concentration and population density? What new demands were placed on city governments when population density increased? Wha..
Compute the profit-maximizing output for the price leader. Illustrate what the market price is given the price leader's output in (c). Elucidate how much does each competitive firm produce.
Why does the loss in economic surplus directly experienced by the participants in the marketplace for s good
Identify the following interest rate statements as either nominal or effective: 13% per year compounded monthly; 2.5% per quarter compounded quarterly; effective 2% per month compounded weekly; nominal 1.5% per month compounded daily; and 12% per yea..
Consider the following information for a different country: East Caledonia. In a position of External Balance? Calculate East Caledonia’s current level of Net Unilateral Transfers (net UT). Calculate East Caledonia’s current level of Net Exports of g..
Bob’s utility function is given by . 0.5 0.5 U = X Y Bob earns $400. The price of X is $2 and the price of Y is $4. a. What is Bob’s optimal consumption bundle before any price change? b. Suppose the price of X increases to $4. What does Bob consume ..
Provide all these factors that affect supply, is the long-run supply for apples likely to become more elastic or more inelastic than the short-run supply.
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