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a) If the CPI fell from 360 to 300, by what percentage did the price level fall?
Price level falls by__ %
(b) If the CPI rose from 300 to 360, by what percentage did the price level rise?
Price level rises by__ %
Consider the term "welfare economics," and apply it to the allocation of resources and its effects on today's society.
How do I calculate producer and consumer surplus from this information? : Supplies of gasoline produced also decreased from 1 million barrels to 800,000 barrels. No viable substitute has been created to replace gasoline.
A firm that is considering one independent project should accept it if
Two conditions that justify government intervention in a market are the presence of external benefits and equity concerns.
The ABC Co. is considering purchasing a new widget machine. The company interest rate (MARR) is 12%. Which (if either) of the two new widget machines for which annual cost data are available should ABC purchase? Use incremental rate of return analysi..
An engineering company has determined that $100,000 per year will be needed to maintain a new bridge.
Illustrate wat would happen if suppliers set the price of pizza at $15. Explain the market adjustment process.
Using only.gov Websites report the current GDP, the current Federal deficit, the current Federal debt, the bottom line of the current (last) budget approved by Congress (surplus or shortage). Note that the fiscal year for the federal government is Oc..
A sample of human resource executives was asked how their company planned to change their work force over the next 12 months. a categorical response variable showed 3 options: add employees, no change, lay off employees. Another categorical variable ..
A treasurer of a corporation is trying to choose between options and forward contracts to hedge the corporation’s foreign exchange risk. Discuss what options you would take if you were the treasurer. Discuss the advantages and disadvantages of each a..
Sometimes, a bidder on a work contract may bid lower than what would maximize his/her profit from the contract and the reason for that is to create goodwill (to increase expected future business from the buyer). How would you value the goodwill that ..
Consider a market characterized by the following inverse demand and supply functions: PX = 40 - 4QX and PX = 10 + 2QX. Compute the surplus received by consumers and producers. Other things held constant, the higher the price of a good. Suppose both s..
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