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you are the chief economic advisor to the country of utopia life is good in utopia but people still suffer from the
a present a consolidated balance sheet a t-account summarizing the assets and liabilities of all commercial banks in
which is not a necessary characteristic for something to be accepted and used as moneyit is easily standardizedit must
the manager of a manufacturing factory needs to decide between two different machines machine a will have an initial
a bonus package pays an employee 2000 at the end of the first year 2500 at the end of the second year and so on for the
a manufacturer of microwaves has discovered that male shoppers have little value for microwaves and attribute almost no
given the following regression equation with t-statistics in parentheses salary 566400 71928 goals 20403 assists
thoreau has preferences for consumption goods c and time spent on leisure l the utility function is uc l cl the
the terms of trade are thea ratio of net exports to gdpb change in the value of one currency relative to anotherc
two identical firms have access to a spring their marginal cost of bottling water from the spring is a constant 10cent
which of the following is most likely to be a variable input in the transportation of crude oila a 26-inch diameter
suppose that a consumers preference between the good x and y are represented by the utility function uxy xy if these
in general individuals and countries that attempt to be completely self-sufficient tend toa have a more equal
the price elasticity of demand is -020 and each clinic has fixed costs of 100000 one clinic has a volume of 9200
one reason for the appearance of diminishing returns is thata whenever inputs are added to a production process output
consider the random relocation economy developed in this chapter each person receives an endowment of 500 goods when
a person who eats a first chocolate from a box of candies and then a second and a third and so on and nothing else in
air china is regularly selling out the cargo belly hold capacity on its scheduled beijing to los angeles passenger
even if a perfectly competitive firm produces at a loss in the short run continued production is prefer abled to
jane put 3000 into an empty saving account with a nominal interest rate of 6 no other contributions are made to the
to earn economic profit a monopolist must charge a price thata maximizes total outputb is above average costc is
in the late 1990s the federal minister of finance announced that expenditures would rise yet he still predicted that
the windfall price increase of an imported good that results when a quota is imposed on that good accrues toa no one
the market supply curve for a perfectly competitive constant cost industry isa the horizontal summation of the marginal