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Greater wealth makes __________ people willing to spend the national income, causing __________ the economy's AD curve.
How would each of the following changes in assumptions affect your average monthly balance? Be specific with your answers. You are paid $500 twice monthly (1st and 15th) rather than $1,000 each month.
1) Draw the lorenz curve for this case (This is the part I did) 2) Calculate the Gini coefficient
Calculate the rate of change in the cost of living for the consumer using the A. laspeyeres Index (cpi) B. paasche index (gdp deflator) C. true index (ideal index)
What problems arise in determining whether an equal income distribution is fair or not? What is the difference between income and wealth?
Problem: Assume that a pure monopolist and a purely competitive firm have the same unit costs. Contrast the two firms in the long run equilibrium with respect to the following:
1. What is the firm's sustainable growth rate? 2. If the firm grows at its sustainable growth rate, how much debt will be issued next year?
Assume there was no beginning inventory. Calculate the value of ending inventory for both companies and the cost of goods sold for both companies.
Outdoor Sports Company, with its main office in Iowa, is considering opening a branch office in Los Angeles. Under normal economic conditions, which have a 45% chance of occurring, Outdoor can expec
The stockholders' equity portion of the balance sheet of Rollover Tire Company is as shown: The current market value of Rollover stock is $20 per share. Show what the balance sheet would look like i
The marginal propensity to consume is 0.8 and autonomous expenditures have just increased by $122. Equilibrium income will drop by $488.
Consider two equally risky shares, Hi and Lo. Hi shares pay a generous dividend and offer low expected capital gains. Lo shares pay low dividends and offer high expected capital gains.
Ricardo believed that the goal of economic analysis was to understand the distribution of income between the three major classes: capitalists, workers, and landowners.
Calculate the internal rate of return of each investment. On the basis of this method, which investment should Get Rich select?
From a labor perspective, there has always been a clear distinction of the classes (high class, middle class and working class). Currently, what is the trend for the American work force of the follo
What managerial assessments can you make about a company that has a profit and a negative cash flow in the same accounting period?
Name a firm that has recently (within 1 year) reported publicly that it either overstated or understated its earnings or profits. (for a recent quarter or annual period).
1) Prepare a statement of cash flows for ABC Inc., for the year ended December 31, 2006. 2) Does ABC Inc., appear to be in good shape from a cash flow standpoint? What other information would help y
Question 1: Determine the net income for the year by preparing an income statement. (There are 2,000 shares of stock outstanding.) Question 2: Prepare a statement of retained earnings for the year e
After Iraq invaded Kuwait, gasoline prices rose dramatically--up to 50%. There were many effectrs of the increased price of gasoline. Explain the following effects in terms of the income effect, su
Samantha places no premium on commodity 1; that is, she regards a unit of the first good as no different - not better and not worse - than a unit of the second good. Draw a typical indifference curv
Whether or not minimum wage legislation is in force, a monopsonist employer will always pay a lower wage and hire fewer workers than would result from the actions of a group of competitive employers
Task: Find data on GDP and its components and compute the percentage of GDP for the following components for 1950, 1980 and 2005:
I want to Examine the positive and negative reactions to the use of the following control mechanisms in American Express. 1- Balance sheet 2- Return on Investment 3- Revenue Growth
Why and how are the Pirates pirating? (Economic) Explain what is behind the reason for this piracy. Mostly an economic need to take on the risk of pirating as jobs is not present in Somalia?