Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Active Tutors
Asked Questions
Answered Questions
Imports 170 Undistributed corporate profits 7 Personal taxes 136 Compute each of the following approach and show your numerical calculation clearly Use Expenditure Approach to compute GDP
Britney is very fashionable. When she buys a new dress (D), she also needs to buy a hat (H) to match that dress and vice-versa. So, she views the two goods as perfect complements. The price of a dre
Assume that a country's production function is Y = AK^.3 L^.7 . The ratio of capital to output is 3, the growth rate of output is 3 percent, and the depreciation rate is 4 percent. Capital is paid its
assume that now there is a sortage of qualified labor and maximum amount of labor hours company can use per day is 70 (workers in company receive 10EUR per hour).Which model of watches should compan
One day, Barry the Barber, Inc., collects $400 for haircuts. Over this day, his equipment depreciates in value by $50. Of the remaining $350, Barry sends $30 to the government in sales taxes, takes
a) What is her willingness to pay b) If she had bought the iPod on sale for $70,what would her consumer surplus have been c) If the price of an iPod were $200,what would her consumer surplus have been
There is an opportunity to translate your intuitive thinking into algebraic form. Money demand refers to the amount of money (either in the form of cash or in the checking account or in any other fo
Consider the market for cement production. Suppose that cement production emits a cloud that causes breathing problems for people that live in the neighborhood, thus creating health problems for by-
Point A 4m barrels oil 200 tonnes lumber Point B 6m barrels oil 150 tonnes lumber a) If we had a PPF with the goods oil and lumber, how would be measure the MC of oil between points A a
Firm ‘A' can make either 500 flashlights or 2000 batteries. Firm ‘B' can make either 650 flashlights or 1500 batteries. a) Who has comparative advantage in each good b) How would they both
Workers are paid $50 per unit, per unit capital cost are $10, and your window sells for $5 each. Please optimize the human resource and production decisions. Do anticipate earning a profit or loss?
An economy consists of two regions, the North and the South. The short-run elasticity of labor demand in each region is -0.5. Labor supply is perfectly inelastic within both regions. The labor marke
Inflation affects creditors and debtors. Suppose the Canadian debtors borrowed $100 from the Canadian creditors on December 31, 1992 and promised to pay back $105 on December 31, 1993.
ADVANCED ANALYSIS Currently, at a price of $1 each, 100 popsicles are sold per day in the perpetually hot town of Rostin. Consider the elasticity of supply. In the short run, a price increase from $
Based on the change in labor statistics between the two years, make a short assessment with regard to the state of the economy between the two years. 2001: lobor force participation rate 65.9 %, une
Your state is trying to determine how many vanity license plate it will be able to sell at various prices. Regular license plates cost $20 and the state's per-capita income is $ 30,000.00 A survey o
a firm produces according to the following production function: Q=k^.5L^.5 where q= units of output, k= units of capital, and L= units of labor. suppose that in the short run k=100. moreover, wage o
During 2002, the working-age population increased by 353.0 thousand, employment increased by 364.2 thousand, and the labor force increased by 469.5 thousand. Calculate the labor force participation
Inflation affects creditors and debtors. Suppose the Canadian debtors borrowed $100 from the Canadian creditors on December 31, 1992 and promised to pay back $105 on December 31, 1993. This is equiv
Below are hypothetical data for the economy in a particular year. There is no statistical discrepancy. Export 179Capital consumption allowances 79 Government current purchases of G & S 134 Indirec
Assume that the reserve requirement is 5%. All other things equal, will the money supply expand more if the Federal Reserve busy $2,000 worth of bonds or if someone deposits in a bank $2,000 that he
The annual real interest rate is 0.07, and the per-year opportunity cost of using the forest land to grow timber is 36000 platinum hexagons (PH). Each unit of timber can be sold at a price of 900 PH
The trees in Forest F grow such that the volume of timber at time t can be represented as f(t) = 900t - 50t2 + 60t3 + 7t4. (Note that these trees do not follow a typical biological growth function).
A firm produces according to the following production function: Q = K^.5L^.5 where Q = units of output, K = units of capital, and L = units of labor. Suppose that in the short run K = 100. Moreover,
Calculate the total revenues for each price-quantity demanded combination (for example, if one were sold at $5, the total revenue would be $5). What happens to total revenue as price goes down in th