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1 the presence of diminishing returns to capital doubling the amount of physical capital available for one worker to use will nbsp decrease output
because of the great recession applications to the supplemental nutritional assistance program snap soaredthe program distributes debit cards that
felicity is studying economics and political science she can read 30 pages of political science per hour but only 5 pages of economics per hour this
lars consumes only potatoes and herring when the price of potatoes was 9 crowns per sack and the price of herring was 5 crowns per crock he spent his
for each level of output calculate this manufacturers marginal cost mc for convenience place the marginal cost between 0 and 1 boat on the second row
for each level of output calculate the variable cost vc for each level of output except zero output calculate the average variable cost avc average
suppose a business experiences a sudden increase in its fixed costs for example suppose property taxes increase dramatically what impact if any will
compared to the gini coefficient for income distribution the value of the gini coefficient for the distribution of wealth would bea higherb lowerc
according to monetary theories of the business cycle fluctuations area independent of the banking systemb more prevalent in countries with modern
which of the following statements concerning major cycles is incorrecta major cycles are characterized by wide fluctuations in business activityb the
in recent years the us labor force has experienceda an increase in the percentage of manufacturing workersb an increase in the percentage of older
although he was a prolific artist pablo picasso painted only 1000 canvases during his blue period picasso is now dead and all of his blue period
aaron hank is a star hitter for the bay city baseball team he is close to breaking the major league record for home runs hit during one season and it
according to the new york times november 18 2006 the number of car producers in china is increasing rapidly the newspaper reports that china has more
find the flaws in reasoning in the following statements paying particular attention to the distinction between shifts of and movements along the
consider bob he washes his car by hand rather than taking it to the local car wash when asked why he washes it by hand bob explains you should never
maria and emmanuel need to cut logs for shelter or gather food to stay alive per day maria produces 10 cut logs of shelter and 10 baskets of food
economic growth is a major issue in the current presidential election the romney campaign argues that tax cuts for investment is the best way to
suppose that wal-world and tarbo are independently deciding whether to implement a new bar code technology it is less costly for their suppliers to
suppose a single parent can work up to 16 hours per day at a wage rate of 1000 per hour various income maintenance programs have been developed to
advocates of higher salaries for teachers point out that most teachers have college degrees and that teaching children is an important joba why arent
you are an economic consultant to a city that just imposed a payroll tax of 1 per hour of work this payroll tax is paid by workers through a payroll
durable goods pricing consider the example discussed in class the monopoly sells two units of goods over two periods the costs are zero consumer a
use the following to answer questions 1-4gross private domestic investment 46exports of the us 9disposable income 190personal saving 10government
matt and johnny both purchase pop and chips at the same convenience store they have different tastes for pop and chips so matt buys 3 cans of pop and