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assume thata the us is relatively capital abundantb india is relatively abundant in skilled laborc tractors utilize capital relatively intensivelyd
1national saving refers toa disposable income minus consumptionb taxes minus government spendingc income minus consumption minus government
one hundred compressors of 200 hp rating are being considered for purchase by the state highway department the consumer price index was 400 five
1 if a firm purchases a part of its supplies on the open market this is called a a spot market purchaseb a long term contractc vertical integrationd
assume the economy is at short-run equilibrium and is in a slump ceteris paribus what would you expect to happen to the money supply over time
suppose an individuals utility function over consumption of x and y is given byuxy x 1013y23where x and y are respective amounts of goods x and y
health administration question-answer each of the questions below note that each question is of equal weight and that each of your answers should be
1 assume you are a policymaker in washington dc lobbyists for the preschoolers of america have put pressure on their representatives to cap
new horizons airlines wants to forecast the mean number of unoccupied seats per flight to germany next year to develop this forecast the records of
youve recently learned that the company where you work is being sold for 380000 the companys income statement indicates current profits of 15000
you are the manager of a firm that receives revenues of 40000 per year from product x and 70000 per year from product y the own price elasticity of
1 if the income elasticity of demand for lard is -300 that means thatalard is a substitute for butterblard is a normal goodc lard is an inferior
price nbsp nbsp nbsp nbsp nbspnbsp quantity
a mechanical engineer who is anticipating paying for his daughters college education plans to start depositing money nowyear 0 and continue through
assume that the market is perfectly competitive solve for equilibrium price and quantity pq also compute the resulting aggregate firm profit and
a company buys a machine for 12000 which it agrees to pay for in five equal annual payments beginning one year after the date of purchase at an
suppose that consumption depends on the level of real money balances on the grounds that real money balances are part of wealth show that if real
it is common for supermarkets to carry both generic store-label and brand-name producer-label varieties of sugar and other products many consumers
a family decides to save for the college education of their kindegradener starting with her 6th birthday they would ilike to have 4000000 at her 19th
what is an opportunity cost how does the idea relate to the definition of economics which of the following decisions would entail the greater
the manager at sherwin -williams store has decided to purchase a new 30000 paint-mixing with hi-tech instrumentation for matching color and other
a justification for job training programs is that they improve worker productivity suppose that you are asked to evaluate whether more job training
an average worker in brazil can produce an ounce of soybeans in 20 minutes and an ounce of coffee in 60 minutes while an average worker in peru can
felix jones a recent engineering graduate expects a starting salary of 65000 per year his future employer has averaged 5 per year in salary
1 explain why relatively flat as opposite relatively steep labor demand curves are more consistent with the empirical observation that there are