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He also purchased five of John's mature banana trees for 30 clamshells each. What is the GDP of George's and John's island in terms of clamshells?
Write the tax-adjusted user cost of capital as a function of the real interest rate r. Also write the desired future capital stock and desired investment as functions of r.
Suppose a bank purchases a bond for $X using discount rate i%. Now suppose that after purchasing the bond, the bank decreases the discount rate on that bond. Ceteris paribus, it follows that.
Bureaucracy was introduced to provide a structure for people to be rewarded based on merit and add an element of fairness. So, why is bureaucracy considered a bad word in today's world? What went wron
Use the blue points (circle symbol) to plot the market demand curve for fire trucks. Line segments will automatically connect the points. Be sure to plot from left to right.
What guess(es) survive iterated elimination of dominated strate-gies? What happens to the rationals' guess as p approaches 1 from below? Explain the intuition.
Write out the payoff matrix for this simultaneous game. Argue carefully that with the distributional models we have considered in class, there will often be at least two equilibria.
Tax cut is that it is supposed to stimulate our spending level for consumers. Why are consumers the most important sector in our economy?
Compute the value of the marginal propensity to save. Compute the amount of autonomous planned spending, Ap, given that the interest rate equals 3.
In august 1990, east german taxicabs drivers were on strike demanding lower cab fares. what must the drivers have the drivers believed about the price elasticity of demand for taxi rides?
How much should she pay for the bond in order to earn a return on investment of 14% compounded semiannually? Assume the bond will be redeemed for face value.
What is the identity and intended functions of major regional economic integrations.Then assess the importance of this statement.
Find your best affordable bundle if your travel preferences are such that you require exactly $140 worth of other goods for each day of rental car consumption.
If that price ends up being the market price and if the normal rate of profit is 10 percent , the how big will each firm's accounting profit per unit be?
Graph the demand and supply curves and solve for equilibrium price and quantity. Graph the supply and demand curves and solve for pB and pS. What is the tax incidence for buyers and sellers?
How does the removal of the tax deduction on mortgage interest affect the housing market? How do other changes in government spending and taxes affect your decision?
Give a detailed explanation about how the engineer's income generation as described above affects GDP and GNP of U.S.
Imported $25 million of goods manufactured overseas. Give a detailed explanation about how the import and export by the company affected the GDP of U.S.
What is the MC of producing additional engine? What is the MC of producing and additional cycle? Find the firm's profit-maximizing quantity and price.
Making dresses is a labor intensive process. Indeed, the production function of a dressmaking firm is well described by the equation. How much labor should the firm employ What are its resulting outp
Discuss an industry/market/firm that uses price discrimination. Is this firm a monopoly? If not, how can they carry out price discrimination?
Dunkin Donuts raises the price of its French Vanilla coffee by 15%. The demand for Dunkin Donuts glazed doughnuts will change by what percentage and in what direction?
The firm's factory (instead of buying bonds and earning a 10% rate of return), which they sold at the end of the year for $100,000. What is the firm's economic profit?
Suppose that we are in a two-factor, two-country world where the factors of production are labor (L) and land (T), the returns to the factors are the wage rate.
If the firm uses 25% annual rate for holding inventory (assume 200 working days per year): What is the inventory rate (i.e., the proportion of production that goes into inventory)?