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1. What is the unemployment rate in your state today? What was it in 1970, 1975, 1982, and 2008? How has your state done relative to the national average? Do you know or can you determine why?
2. Suppose all wages, salaries, welfare benefits, and other sources of income were indexed to inflation. Would inflation still be considered a problem? Why or why not?
The average retail price of the cookbook will be $30, and the average cost will be $20. Assume that the equation for demand is Q = 10,000 - 9,000P, where Q = the number of cookbooks sold per month P = the retail price of books.
Greg, who is five years from retirement, receives a $10,000 bonus at work. He is trying to decide whether to save this extra income in an IRA account or in a regular savings account. Both accounts earn 5 percent nominal interest, and Greg is in th..
Consider the following sequence of year-end cash flows: EOY cash flow 1 2 3 4 5 (1)=$8000 (2)=$15,000 (3)=$22,000 (4)=$29,000 (5)=$36,000 What is the uniform annual equivalent if the interest rate is 12% per year
For the product shown, assume that the minimum point of each firm's average variable cost curve is at $2. Construct a demand and supply diagram for the product and indicate the equilibrium price and quantity.
Compute the percentage change n nominal GDP, real GDP, and the GDP deflator n 2009 and 2010 from the percentage year. For each year, identify the variable that does not change
The skinny corporation produces excerise videos according toQ=(KL)1/2, where k is the amount of capital used and l is theamount of labor employed. if capital cost $16 per unit and laborcost $2 per unit, skinny s minimized long run average total co..
what is the equilibrium price in this market?
Traditional free-trade theories are based on six crucial assumptions, which may or may not be valid for developing nations (or for developed nations for that matter). What are these crucial assumptions, and how might they be violated in the real w..
where quantity demanded is measured in thousands of tickets per week.Suppose the theater currently charges $6 per ticket, but is consider raising their prices to increase revenue.would you recommend that they raise prices
Consider the marginal cost curve associated with cleaning your dorm room. Label the vertical axis "time" and the horizontal axis "percent clean." What would this marginal cost curve look like?
Ajax, Inc. is a monopolist. The estimated demand function for its product is Qd = 120 - 0.8P + 12Y + 4A Where Qd denotes quantity demanded, P denotes price, Y denotes personal income (in thousands of dollars), and A denotes advertising expenditures
The film itself will provide a broad background for your understanding of these issues; however, the most compelling responses will go beyond the film to incorporate additional recent data sources to justify your reasoning and logic.
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