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Problem
1) Explain the logic behind the economist's quip that "there is no such thing as a free lunch"
2) Suppose that your bank pays 4% interest per year on your savings account. Each $100 in the banks grows to 104 over a one - year period. If prices increase by 3% per year, how much do you really gain by keeping $100 in the bank for a year
3) What is the opportunity cost of your MBA education? How does the opportunity cost to you can benefit from a generous federally sponsored tuition grant?
4) Does my son pulling weeds in the backyard at my command constitute Labor? Does your answer change if my son and I agree that he will be paid $25 per bucket of weeds pulled? Explain
5) Two simplifying assumptions are used extensively in economics. What are they?
6) Would the following events cause a change in demand or a change in quantity demanded in the market for automobiles?
a) A limit is placed on the number of cars that can be imported from Japan.
b) Malaysia becomes a major new exporter of cars to the United states.
If the saving rate (s) is 0.4, find capital per worker, production per worker, andconsumption per worker in the steady state. Solve for steady-state capital per worker, production per worker, and consumption perworker with s = 0.6. Solve for steady-s..
A company experiencing constant returns to scale increases its labor input form 50-75 units and its capital input from 20-30 units. Its output will go up from?
A computer company produces affordable, easy-touse home computer systems and has fixed costs of $250. The marginal cost of producing computers is $700.
Analyze the individual, their position within the company, and briefly describe the organization. Presentation must flow in the order of the information listed.
Shows supply and demand curves for the Furby market before Furby toys were popular - Estimate the equilibrium point. What does it represent
"Now it's not. You have to do both for both." . . . It could ultimately mean that developed economies, the U.S. included, could face extra penalties for the perceived, even if ever-soslight, risk that they may not repay their debts. What does it m..
the sisyphean corporation is considering investing in a new cane manufacturing machine that has an estimated life of
Calculate the nominal GDP for this economy for the given years. Calculate the rate of change on the nominal GDP from 1999 to 2000 and from 2000 to 2001. Calculate the CPI for 1999, 2000, and 2001 using 1999 as the base year
Discuss the market structures and ownership that existed prior to 1972 and the ones which emerged after privatisation in 1989. What economic factors contributed to the restructuring of the water industry?
How Amanda's expenses will be entered in the U.S. balance of payments accounting for a given year?
Banking and the Money Supply
why were the first proto-hmos formed in america? what were the original driving factors in the hmo movement? what is
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