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1. What is the significance of the long run?
2. Classify the following costs as explicit or implicit. Explain your answer
IBM spent 1 billion on advertising expenditure
Jim who owns a trucking business, spends four hours every weekend cleaning his trucks
Alice used 50 percent of her savings to start her fashion business.
BHP paid interest on company issued bonds
A farmer who grows organic corn is at risk of having his crop contaminated by genetically modified corn grown by his neighbours. In Silveiras, Brazil, queen ants are regarded as a delicacy, but recently the ant haul has been dwindling because of pest..
This loan is to be repaid in equal annual installments at the end of each year over The next nine years.
What is the "natural rate of unemployment"? What is the relationship between the natural rate of unemployment and full employment?
Describe a decentralized organization, and list the positive factors of working in such an organization. Describe the chaos that might occur in a completely decentralized organization and methods that could be used to avoid such chaos.
Suppose the consumption of gold offers people a marginal utility that diminishes as that person consumes more gold. Assume also that gold can be mined in unlimited amounts at the constant marginal costs, X (or chi), units of the non gold consumption ..
What is the payback period? Should Able Plastics buy the removal equipment?
Suppose that over the past 50 years, the nominal and real deficit of a country grew from $100 billion to $200 billion. Suppose that, over the same time, real GDP grew from $100 billion to $300 billion. Using __________, we can give an accurate pictur..
Explain what the impact on GDP would be if more couples get divorced? I can't find the way to calculate the GDP please help.
The president of the United States announces in a press conference that he will fight the higher inflation rate with a new anti-inflation program. Predict what happen to interest rates if the public believes him.
According to an early study conducted by the U.S. Department of Agriculture, 8,500 pounds of milk can be produced during a specified time period by a cow fed the following combinations of hay and grain:
If the quantity theory of money hols calculate the quantity of money, the GDP deflator, real GDP, and the velocity of circulation in year 2
They both want to expand. when the two owners go to the bank looking for a loan, which is likely to get a lower interest rate?
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