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For the 2nd quarter of 2011, identify the estimate for the current dollar value of Gross Domestic Product for the USA and explain in words what this number measures.
How do you make a forecast for gdp growth rates unemployment and inflation that might be experienced in one year, three years and ten years from now. I have the current and past rates but do not know
First class passengers generally pay higher fares than coach passengers,even when they take advantage of advance-purchase discounts. Is this price discrimination?
Is it price discrimination when a professional football team charges say,$150 per ticket for 50-yard-line tickets in the lower deck and $50 per ticket for upper-deck tickets overlooking the end zone?
A college football coach says that given any two linemen X and Y, he always prefers the one who is bigger and faster. Is this preference relation transitive? Is it complete? Explain your reasoning.
Suppose the cost of producing q cars is given by c(q) = 7500 + 2000qa. What is the variable cost of producing 10 cars?b. What is the marginal cost of producing the 10th car?
Widgets R Us, which is a price-taking firm, is currently producing 250 units of output. The market price is $3 per unit, the marginal cost of the 250th unit is $2.75, average total cost is $3.50 per u
Use the information in the following table, which summarizes the payoffs (i.e., profit) to two firms that must decide between an average
You are division manager at Toyota. If your marketing department estimates that the semiannual demand for the Highlander is Q = 100,000 – 1.25P, what price should you charge in order to maximize
Make sure you give complete definitions andexplanations for this set of questions. When dealing with thedecrease in income, you will want to talk about the effects on thebudget constraint and the cons
Which bond would you expect to pay a higher interest rate? Explain why.
Calculate the elasticity of demand and elasticity ofsupply; what do you conclude from these answer
Suppose that the deposit multiplier in a particular economy is 5. In this simple economy, banks hold no excess reserves and the public uses checking deposits rather than holding currency.
Globalization and global trade have led to increased competition in world markets and increased allocation of scarce resources. Is it accurate to say that this is contributing to increased consumer su
Find the profit-maximizing price and output of the new monopoly.
Soft selling occurs when a buyer is skeptical of the usefulness of a product and the seller offers to set a price that depends on realized value. For example, suppose you're trying to sell a com
Using the following demand schedule and a graph sheet plot the demand and supply curves? Also, show the market equilibrium point on the graph. And what is the market equilibrium quantity?
Quantity and cost of both things are given in the table. Calculate the following from the given information:
As an employee of the World Bank, you have been asked to research 1 economic concern in an Asian country and write a report on your findings.
Write a two-page essay in which you address the issues outlined above. Format your essay in a Word document using Times New Roman 12-point, one-inch margins and double spacing.
What do you know about focused Linux distributions? If nothing, what can you find out by searching the Web? By "focused" we mean distributions that exist primarily for a specific purpose or set of t
What is a government budgetdeficit? How does a federal budget deficit affect the economy? Howdoes it affect the level of investment and interest rates? How doesit affect the individual consumer? Give
If thevalue of multiplier is 2.49 then find out: MPC MPS What is the relationship between the value of multiplier and MPC?
A student borrowed $5,000 which she will repay in 30 equal monthlyinstallments. After her 25th payment she desires to pay theremainder of the long in a single payment. At 15% interestcompounded monthl
Why is the long-run aggregate supple curve vertical? Explain the shape of the short run aggregate supply curve. Why is the short-run curve relatively flat to the left of the full-employment outp