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What is the four major economic system? What is the major difference between each one?
An economy is in long-run macroeconomic equilibrium with an unemployment rate of 5% when the government passes a law requiring the central bank to use monetary policy to lower the unemployment rate to 3% and keep it there. How could the central bank ..
Let's assume you've already completed the input optimization and found your company's cost function as follows: C(Y)=Y^2 + 3Y. Write down the firm's profit function. Suppose that P=$9. Find Y* and show that at this level of output, marginal revenue i..
Calculate the Modified Internal Rate of Return of the cash flows depicted in the table below using a cost of capital of 5.0percent.
You work for an unemployment agency that distributes unemployment checks to unemployed workers in your state. Your boss recently learned that the President proposed a 21 percent increase in the minimum wage, and wants you to provide her with an estim..
In class we discussed the calculation of GDP in the Coconut/Restaurant economy. In recitation on March 18, your TA discussed the calculation of GDP in the Jimmy Buffett economy. This question is similar to these (and is from a past midterm). It will ..
Suppose a monopolistic competitor in long-run equilibrium has a constant marginal cost of $6 and faces the demand curve given in the following table: what output will the firm choose? what will be the monopolistic competitors average total cost at th..
List some specific ways that the federal and state tax bases differ. What problems, if any, do these differences create in computing your taxes?
If a cyclic hydrocarbon with one C=C double bond has 10 hydrogen atoms, how many carbon atoms are present?
Suppose the market demand and supply functions are QD = 220 - 1.6P and QS = 4P - 116. You have just graduated and moved to this city
Anna spent two thirds of her instance sewing dresses, and the other third of her time doing administrative work. Prepare Balance Sheet for Manning Style.
Zeon, a large, profitable corporation, is considering adding some automatic equipment to its production facilities.
A study sponsored by the American Medical Association suggests that the absolute value of the own price elasticity for surgical procedures is smaller than that tor the own price elasticity for office visits. Explain why this would be expected.
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