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What is the difference between GDP and GNP? What are the limitations of GDP as a measurement tool.
A market is characterized by a demand curve that can be expressed as P = 3000 – 10 Q. Each of the two identical firms currently serving the market has a total cost function of the form C = 250 q. There are no fixed costs. If the 2 duopolists behave a..
ACME manufacturing has the linear short run production function Q = 13K + 2L + 41M, where K is capital, L is labor and M is raw materials. Its stock of capital and raw materials are fixed at 5 units each; input prices were $8 for capital and $16 for ..
A machine costs $5,240 and produces benefits of $1,000 at the end of each year for 8 years. assume an annual interest rate of 10%. a) What is the payback period in years?
many supply shipments to retailers are interrupted during a natural disaster. Assuming that the law is strictly enforced, illustrate what are the economic effects of the price gouging statue.
Need a substantive 2000 word Word Doc comparison of the three methodologies below using at least 3 tables with each table comparing the three methodologies.
Determine the variance and standard deviation of each option. Which option is most risky?
Suppose we are given a sequence S of n elements, each of which is colored red or blue. Assuming S is represented by an array, give a linear-time in-place algorithm for ordering S so that all the blue elements are listed before all the red elements..
Draw a production possibilities curve for the pleasure you get between hanging with friends and from doing your Economics problem set. Are these activities complementary or are they substitutes? Does it matter which friend you are studying with? How ..
You are a manager in a perfectly competitive market. The price in your market is $35. Your total cost curve is C(Q) = 10 +2Q +.5(Q^2). What level of output should you produce in the short run? What price should you charge in the short run? Will you m..
Antitrust authorities at the Federal Trade Commission are reviewing your company’s recent merger with a rival firm. The FTC is concerned that the merger of two rival firms in the same market will increase market power. A hearing is scheduled for your..
In this exercise, you will use Excel to calculate Mr. Ecks’ economic net worth and his amount of constant consumption and savings using the information that is provided below. Using information from the previous exercises, add Mr. Ecks’ gross human c..
What is the level of output in this country in this year? And what about the level of investment?
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