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An economist reads in a census report that 10 years ago people in the united sates spent 37% of their annual income on housing. A study is conducted and the people in the study, 43% of their annual income on housing. Which is a perimeter and which is a statistic?
For the closed-economy, one-period model, suppose that U (C, l) = ln (C) + β × l, and F (K, N) = zKαN 1−α , where β > 0, and 0
Currently there is a draft for top NFL prospects. Suppose instead that due to a lawsuit, all NFL prospects were free agents. If the assumptions of the Coase Theorem held before and after this change, what would you expect to happen to competitive bal..
If the economy is in the vertical portion of the aggregate supply curve, according to monetarists, an increase in the money supply in the long run will
If the government imposes a tax of $.25 on each papaya produced, will this cause a change in supply or quantity supplied?
A firm†TM s demand function is defined as Q = 30 - 2P. a) Use this demand function to calculate total revenue when price is equal to 10 and when price is equal to 11. b) What is marginal revenue equal to between P=10 and P=11?
The composition of a liquid phase reaction 2 A right arrow B was followed spectra photo metrically with the following results: Determine the order of the reaction with respect to sucrose and the rate constant of the reaction.
What happens to assumptions over time and what makes the best budget assumptions and what happens to invalid assumptions?
Explain the relationship between consumer demand and producer supply. The law of demand states that as prices increase the quantity demanded decreases. The law of supply states that as prices increase the quantity supplied increase. Explain how chang..
Imagine that in a certain economy, the average number of hours worked per week declined. How would you expect this change to affect per capita GDP? What about worker productivity?
The discount rate for the stock is 15% and the rate of return on reinvested earnings is also 15%
If you recommend the latter, identify the contract doctrine that would excuse promise breaking. Use the front and back of this sheet.
A small company uses input labor L to generate an output Q, and the production function is Q=0.25L^2. The cost of labor L is $4 a unit. Find the company's total cost of producing output level Q.
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