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Assume demand for fire engines is P = 100-25Q for all individuals in a community, where Q is number of fire engines. If there are 1000 individuals in the community, what is the aggregate demand for fire engines?
Explicate how these projected deficits will affect the US Stock and bonds. Could you explicate briefly this question thank you.
What is the price of a 15-year, zero coupon bond paying $1,000 at maturity, assuming semiannual compounding, if the YTM is: a. 6 percent? b. 8 percent? c. 10 pe
The scholarship amount will grow at the rate of inflation expected to remain at 3% per year and the scholarship will be issued yearly forever
What is law of diminishing marginal utility? What are its practical applications in the real life?
Suppose a gardener produces both tomatoes and squash in his garden. If he must give 8 bushels of squash to get 5 bushels of tomatoes, then his opportunity cost of 1 bushel of tomatoes is a) 0.62 bushels of squash b) 1.6 bushels of squash c) 3 bushels..
Consider that you own a construction company and you need to make a decision on how many homes to build in a new residential area. It is estimates that there is a 20 percent chance of a recession, a 60 percent chance the economy will remain as it is,..
In an open economy, the condition for equilibrium in the goods market is different from the condition for a balanced trade account. Explain using words or equations (or both if you wish). Draw a diagram that illustrates a situation where the goods ma..
Suppose that Player 1 first plays Top, Middle or Bottom. Player 2 only finds out whether player 1 has played Bottom. If so, he plays Left or Right; if not, he plays In or Out. Draw the game tree, identify the subgame(s), find the subgame perfect equi..
You are given the sample mean and the population standard deviation. Use this information to construct the 90% and 95% confidence intervals for the population
Suppose that the cost of eradicating polio from a society of 1,000 persons is $5 per person. Also suppose that only two persons in that society will benefit from that policy, and the benefit to each of those persons is $2,000. Then what is the social..
All else the same, when the government pursues expansionary fiscal policy we can expect the unemployment rate to ____ and the price level to ____. increase : decrease increase : increase decrease : decrease decrease : increase
Economists say that excess capacity in monopolistically competitive markets is "the cost to society of variety." What is the cost that economists are talking about, and why is this cost the result of having a variety of goods and services?
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