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Comment on this statement. Do you agree with the speaker? Explain. Illustrate your answer with the use of a graph indicating the firm's short-run cost structure.
What are the types of business organization/company forms from an economists's point of view? Also best social interest as well as cons and pros
Compare the additional revenue Circuit City makes as it moves from 2 million to 4 million copies of Vista with the additional revenue it makes as it moves from 4 million to 6 million copies of Vista
Which of the following would increase investment, while leaving an existing investment demand curve, say, ID2, in place?
Suppose that in a closed economy GDP is equal to 8,000, Taxes are equal to 2,000, Consumption equals 5,000, and Government expenditures equal 1,000. What are private saving and public saving?
If the marginal propensity to save in a closed economy is 0.25 and a lump-sum tax is imposed, the slope of the economy's aggregate expenditures schedule will be:
What are some of the limitations of the national income accounts in how they represent our standard of living?
China and Japan do a lot of international trade with each other. If both countries begin in general equilibrium and then the Peoples' Bank of China (the central bank) engages in an autonomous moneta
Calculate the marginal product of labor when 9 units of labor are utilized. Suppose the firm can hire labor at a wage of $10 per hour and output can be sold at a price of $100 per unit. Determine the
Assume that two UK government bonds have same face values with £100. One has an outstanding maturity of 2.5 years. Its coupon rate is 9.75% and coupons are paid semi-annually. If investors dem
Suppose the consumption function is C = $500 billion + 0.9Y and the government wants to stimulate the economy. By how much will aggregate demand at current prices shift initially (before multiplier
Use the endogenous growth model to determine the e?ects of this on the paths of aggregate consumption and aggregate output overtime. Is it clear that this investment in the new schools a good idea?
What is 'Crowding Out' effect and 'Automatic Stabilizers'? What impact do they have on the economy? This is a discussion question there is no word limit but should be answered fully.
What are the main differences between Lenin's theory of how to bring about socialism and that of Bernstein's?
What is the shape of an indifference curve if there are economic bads on both axies? e.g. pollution and garbage?
What are the similarities and differences of isoquants and isocosts?
Why do national income accountants compare the marker value of the total outputs in various years rather than actual physical volumes of production? What problem is posed by any comparison over time
Where does the government get there money for a social program such as unemployment checks? What other souses of income do they have other than taxes?
What are the advantages and disadvantages of having monetary policy in the hands of the Federal Reserve System rather than in the legislative or executive branches?
A major producer of consumer goods set out to forecast the price of fresh salmon three years ahead. Such a forecast was needed in deciding whether the firm should enter the business of supplying sal
Suppose that at current factor prices cloth is produced using 20 hours of labor for each acre of land, and food is produced using only 5 hours of labor per acre of land. Suppose that the economy's t
What does this imply about the short-run and long-run Phillips curves in these two types of countries? What does this imply about the effectiveness of monetary and fiscal policy to reduce the unemploy
Describe marginal analysis and use an example to explain how utility influences the use of marginal analysis by consumers.
Determine the probability that the annual net cash flows will be negative. Determine the probability that the annual net cash flows will be less than $20,000.
Compute expected annual sales. Compute the standard deviation of annual sales. Compute the coefficient of variation of annual sales.