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Calculate how many pounds of butter each country produces in autarky. What is total world output of guns and butter now?
Calculate the following: the equilibrium price and quantity, consumer surplus and producer surplus. How do you find the domestic price to answer their question?
Use the formula to calculate the increase in the CPI from March 2007 to March 2008 to two decimal places. Calculate the CPI for March 2008.
A construction project has the following end-of month costs. Calculate the PW at a nominal interest rate of 18%.
Explain how you could use the standard tools of expansionary monetary policy and expansionary fiscal policy to stimulate this economy towards economic growth.
Compute what price can be settled between these two parties such that both individuals can enjoy more of rice and beans?
Globalisation of the world economy has significantly improved our living standards. Whyy do you support the idea of globalising the Australian economy?
How has the increase in the availability of apps for these smartphones affected the demand or Apple iPhones? Briefly explain.
Celeste, who uses earnings from her regularly scheduled hours of part-time work to pay for her room and board at college.
Who wants to borrow from you to buy a new car, even if that person offers to pay you an interest rate higher than 3 percent?
What happens to the price and the quantity bought and sold in the cocoa market if countries producing cocoa experience a drought?
What is protectionism? Who benefits and who loses from protectionist policies? What are the main arguments people use to justify protectionism?
Estimate the total uncertainty in prediction by accounting for both the aleatory and epistemic uncertainties assuming normal probability distributions.
What has happened in the market for your good or service in the curve you labeled S1? What happened to the equilibrium price compared with D1?
Analyze how the income effect influences food purchases and provide some examples of the income effect that might occur when the price of food rises?
Suppose Duke s favorite dance partner, Daisy, is grounded for makeup violations. Use your curves to show how Duke s chosen speed will change.
How will that affect the pharmaceutical company's production decisions? What about its decisions to conduct further research into new drugs?
Briefly describe the expected environmental effect of increasing the MPG of automobiles, holding all else constant.
Which environmental protection equipment alternative should be selected? the firms MARR is 20% per year. Assume the equipment will be needed indefinitly.
What is the minimum payment that the neighbours must make to the firm to achieve this change in output? What is the maximum payment?
What is the opportunity cost of a painting for each artist? Based on you answer in part a, who has the comparative advantage in producing paintings.
What are the production costs of your economics class? What are the fixed costs? The variable costs? What's the marginal cost of enrolling more students?
Explain the statement people respond to incentives and disincentives in relation to the demand curve and supply curve for good x.
The manager has been asked to determine the maximum level of net benefits and the level of Y that will yield that result.
Construct a cash flow diagram to determine how much the park could afford to spend now on the new technology.