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An individual makes $71842 per year. If they move to a city where prices are on average 24 percent lower, and they continue to make the same salary, then what is their purchasing power parity adjusted income? Round to the nearest whole number.
Economies of scale may arise from all but one of the following. Which one is it?
Lisa is a self-employed physical therapist who works from a rented space. Lisa charges $250 for a therapy session. She incurred the following costs last month: space and equipment rental, $1400; wages, $3500; materials, $1800. If Lisa’s profit last m..
The role and importance of international business for national economies - Harvard reverencing. international trade pattern.
When the monopolistically competitive firm lowers price from $16 to $12, elucidate how much does total revenue change.
The no-trade equilibrium in Foreign. How do the relative no trade prices of computers compare in Home and Foreign.
Illustrate what government body makes fiscal decisions. Policy makers for national fiscal policies. Explain the effects of fiscal policies.
While you were an intern you bought 5 packages of hot dogs a month. After acquiring a full-time job with a considerably higher salary, you stopped purchasing hot dogs. Explain this behavior. 7. An investor has to choose between stocks A&B, each selli..
Suppose that a firm's production function is Q= min{K,L} . Currently, the wage is w= 8 and the cost of capital is r=8. What is the minimum cost method of producing Q=40 units of output? Suppose that wages fall to w=4. Keeping total cost the same, wha..
Elucidate causes lags in effect of monetary and fiscal policy on aggregate demand. what are the implications of these lags for the debate over active versus passive policy.
If tax rates stay the same, what will happen to total tax revenue?
An engineer is considering two different liners for an evaporation pond that will receive salty concentrate from a brackish water desalting plant. A plastic liner will cost $0.90 per square foot initially and will require replacement in 15 years when..
The market consists of Allen and Bernard. Allen has the labor supply curve described in the following function: What is Allen’s reservation wage? What is Bernard’s reservation wage? What is the market labor supply curve? Draw the market labor supply ..
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