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Number of workouts (per week) Willingness to Pay for Workouts
1 $352 303 254 205 156 107 5
Look at the table above. Several times each week Eli works out at a local health club, but because he is not member, he pays a price of $10 each time he shows up to use the club facilities. The table shows Eli's willingness to pay for each of the club. How many times will Eli use the health club for a workout, and how much consumer surplus does he receive? Explain.
use the following to answer questions 1-4gross private domestic investment 46exports of the us 9disposable income
Establish algebraically whether this production function exhibits increasing, decreasing, or constant returns to scale
a. What is the value of the government spending multiplier in this case? b. Given the size of the multiplier, what would be the implied change in income (gross domestic product) from the stimulus spending of $500 billion?
Assume the government imposes a tax of $2.00 per unit to reduce widget consumption and raise government revenues. What will the equilibrium quantity be?
In this assignment you will discuss the monetary policy trends of a country in the last 10 years and factors influencing the policy. You might like to build on the monetary policy of Canada that we studied in the class and as discussed in the text. Y..
How does the federal government implement its fiscal policies. given economic conditions today do you suggest expansionary fiscal policy or contractionary fiscal policy.
The Keynesian approach to macroeconomics assumes that A) wages, but not prices, adjust quickly to balance quantities supplied and demanded in markets.
One supply-side measure introduced by the Reagan Administration was a cut in income tax rates. Use an aggregatedemand/aggregate supply diagram to show what effect was intended. What might happen if such a tax cut also shifted the aggregate demand ..
Determine the profit maximizing level of output and price. Is this long run equilibrium? According to the theory of monopolistic competition, do you expect entry or exit taking place in this industry?
A) Calculate the country's steady state level of output per worker. B) Now suppose k is equal to 400. Is the country at its steady-state level of output per worker, above the steady-state or below the steady state
Determine the firms optimal advertising-to-sales ratio and if the firms revenues are $50,000, what is its profit-maximizing level of advertising?
The economy can be stimulated with a variety of injections not just government spending. What economic policy would you advocate to (1) encourage investment spending, and (2) encourage exports. How effective do you believe these policies would be..
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