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What is consumer confidence and what role does it play in the economy? What effect, if any, would consumers pulling money out of their checking accounts and putting it into home safes have on investment, interest rates, and GDP? Would this be good or bad for the economy?
What are M1 and M2? What impact would this action (pulling money from checking accounts) have on the size of the M1 and M2 components of the money supply?
Ymir Larson farms near Niffleheim, Minnesota. He works 80 hours a week. He can either grow rutabagas or raise pigs. Every hour that he spends growing rutabagas gives him $2 of income this year. Every hour that he spends raising pigs this year will..
A new machine is to be purchased for $150,000. The company believes it will generate $60,000 annually in revenue due to the purchase of this machine. The company will have to train an operator to run this machine.
Based on market research, a film production company in Ectenia obtains the following information about the demand and production costs of its new DVD: Demand: P=1000-10Q Total Revenue: TR=1000Q-10QZ
In a competitive market, the market-determined price is $25. For a typical firm producing 10,000 units of output, the firm's average cost reaches its minimum value of $25. Is this firm making the profit-maximizing decision? If not, what should the..
Determine the optimal number of employees
Suppose that the NFL Superbowl ticket ocsts $125 and the Wimbledon ticket costs 75 british pounds and the exchange rate is 1.77. What is the relative price of the two sporting events Which event is relatively inexpensive
Suppose the market for cotton is perfectly competitive. A representative firm's short-run marginal cost is given by SRMC=5+Q, while their minimum average variable cost is $7. If the market price of cottion is $20 per unit, how much should the firm..
The "Big-Deal" Company has purchased new furniture for their offices at a retail price of $100,000. An additional $20,000 has been charged for insurance, shipping, and handling. The company expects to use the furniture for 10 years (useful life = ..
Workers in Wet Seal and Forever 21 stores are considering forming unions in each store. The potential unions have information on labor demand. For Wet Seal, when the wage rises from $8 to $10, Wet Seal will reduce labor demand from 800 to 700.
Research a product from one of the 4 options listed and write a detailed report on the product. This report should explain how the component is built and designed; why the product is important in the building process
Consider an economy in which taxes, planned invest-ment, government spending on goods and services,and net exports are autonomous, but consumption and planned investment change as the interest rate changes.
compute the three-firm and four-firm concentration ratios for each sector, and rank the sectors by degree of industry concentration.
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