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Problem: If the GDP of a country is 8840 PPP US$ what score would this receive on the GDP index? Don't forget the logarithm of income is used and that the highest goalpost for GDP is $40,000 and the lowest goalpost is $100.
If Frank is maximizing profit what is the marginal revenue product of the last worker he hired? What is that worker''s marginal product?
A machine is purchased for $150,000. Revenue for the first year was $50,000. Over the total estimated life of 8 years, what must the annual revenue for years 2 through 8 equal to recover the investment, if costs are constant at $42,000 and a ret..
ECON-UA10-001 - Draw the map of indifference curves corresponding to the utility functions - Draw the indifference curves, find the expression for the marginal rate of substitution and show whether the function is homothetic or not.
What are they, how do you interpret them? What happens when price or something other than price changes which affects either of these o Shortage and Surplus.
The introduction of a union into a monophony labour market will cause employment in this market to. Unions might attempt to increase the demand for union workers by. Economic theory predicts that the cost of general training will be. The introduction..
Explain what the incentive is, who is offering it, and what they are trying encourage or discourage. Does the incentive work?
When the price of Washington apples increases, which of the following change is most unlikely, if all the other factors remain?
You have a limited amount of money to invest and you like to do a business, but you are also afraid of risk, what kind of a business organization
At a permit price of $3,200, and with an initial 1,480 permits, calculate the following - Tons your firm abates and Permits you sold
Consider an economy in which the current level of income is $600b, "the" multiplier is 4, the marginal tax rate is 20%, the current budget deficit is $30b. To increase income to $650b we require an increase in government spending of
Discuss a situation in which either your firm used cost-plus pricing or you did business with a firm that used cost-plus pricing. Explain why this was a poor choice for the firm's price making decision. What should the firm have charged to maximize p..
1. write down the consumption function given the above information.2. determine the level of consumer spending and the
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