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Go to the National Bureau of Economic Research's Web site (www.nber.org/cycles.html) and find the Business Cycle Reference Data for all peaks and troughs since 1854. What has been the average length of recessions since 1854? Since 1945? What has been the average length of expansions since 1854? Since 1945?
Supposed that firms only variable input is labor when 50 workers are used, the average product of labor is 50, and marginal product of the 50th workers is 75. The wage rate is $80, and the total worker is 75. Wage rate is $80
The price of a pie is now $11 how many pies are sold How many pies does each producer make How many producers are there How much profit does each producer earn c. Is this situation described in part (b) a long run-equilibrium
Suppose your designing your computer, with the same benefits from additional RAM described in the proceeding problem. How much RAM do you desire if the price of RAM falls to $50? 2,4,5, or 50. Suppose you are designed a new computer and want to mak..
Discuss the problems the auditors should anticipate in planning for the observation of the physical inventory on this engagement because of the: 1 different locations of inventories; 2 nature of the inventory.
whether she is better off or worse off than she was in Year 1
A businessman wants to donate the funds to establish a new academic support program for student athletes. He is prepared to donate $10 million today (Feb. 16, 2012), one year hence (Feb. 16, 2013), and two years hence (Feb. 16, 2014) to establish
The demand curve for product x is given by Qx^d=460-4Px a.)Find the inverse demand curve. b.)How much consumer surplus do consumers receive when Px=$35 c.)How much consumer surplus do consumers receive when Px=$25
Create an extended definition of Classification and Division. Make sure to give enough detail and instruction so that your audience can understand what you are teaching them and how to create one of their own
Now calculate the GDP deflator for 2011 and 2012 (assuming that 2011 is the base year). d) What is the rate of economic growth between the two years as defined byt he percent change real GDP. e) What is the rate of inflation between the two years?
Fred is a salesman who can sell enough to generate $200,000/year worth of profit for his company. He earns only $110,000 in compensation. What is the value of his outside or next best alternative?
What will the new price of the bond be if the interest rate falls to 3 percent?
In the last month, the price of gasoline increased by 20%. Your job is to determine what caused the increase in price: a change in demand or change in supply. Ms. Info has all the numbers associated with the gasoline market and she can answer a si..
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