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(More difficult) In the economy considered in Test Yourself Question 3, suppose the government, seeing that it has not wiped out the deficit, keeps cutting G until it succeeds in balancing the budget. What level of GDP will then prevail?
A demand curve is given by the following equation: P = -2Q + 40. i) Calculate the Total Revenue when Q = 5 and when Q = 8. ii) Calculate the price elasticity of demand between Q = 5 and Q = 8. Round decimal answers to two places.
Calculate the total costs of pollution reduction associated with each policy. Compare the total costs and amount of pollution reduction to the efficient amount you found in part (a). Do any of these policies create a deadweight loss?
at a student cafeacute there are equal numbers of two types of customers with the following values. the cafeacute owner
Explain how the quantity of executives demanded, the quantity supplied, and executive pay will change, and explain why the outcome is inefficient.
The variance of X is equal to 33.25 and the population variance of u is equal to 160,000. Using equation (3.29), show that the standard deviation of the probability density function of the coefficient of X is equal to 15.5. Are the standard errors..
System of simultaneous regression equations - The OLS procedure is inconsistent for Equation
suppose the economy has a natural rate of unemployment of 5.a. suppose short-run output over the next four years is 1 0
In the third column enter the marginal utility (MU) associated with each value of X - the change in utility in going from one value of X to the next.
What are its implications for investors and managers?
During the past year, Mario bought a used car for $5,000. Using the expenditure approach, how much has Mario contributed to GDP?
A battery has a terminal voltage of 1.8 V when supplying a current of 9 A. This voltage rises to 2.02 V when the load is removed. Calculate the internal resistance.
In a two-player, one-shot simultaneous-move game each player can choose strategy A or strategy B. If both players choose strategy A, each earns a payoff of $500. If both players choose strategy B, each earns a payoff of $100.
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