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If Luxembourg grows at 1% per capita per year and Democratic Republic of the Congo grows at a healthy 3% per capita, how long will it take Democratic Republic of the Congo to catch up with Luxembour
Suppose ?initially ?that ?both ?firms ?have ?unlimited? capacities ?and? marginal? cost? of? 3.? What ?is? the? resulting? equilibrium? price? and ?total?quantity? in? the ?market???Prove ?your? ans
Between 2003 and 2004, total U.S. employment increased by 1.5 million workers, but the number of unemployed workers only decreased by 0.6million. How can both numbers be correct?
What is the relationship between the MPC and the Multiplier? (explain or state the equations). What is the Multiplier Effect? Define and explain this effect.
MC1 and MC2 are the marginal costs in plants 1 and 2, and Q1 and Q2 are the levels of output in each plant, respectively. If the firm is maximizing profits and is producing Q2 = 4, what is Q1?
Ace hardware sells 1000 hammers per day. they have a fixed cost of 5000 and a variable cost of 15,000. what would be the average fixed cost, average variable cost, and average total cost?
Why would we expect that the price elasticity of demand for the product of an individual firm would typically be greater than the price elasticity of demand for the product overall? Illustrate your
If interest rates remain unchanged, what is the expected capital gains yield, stated as a percentage, over the next year for Bond A and for Bond B?
How much does consumption change this year in absolute dollars ($ ΔC) as a result of a $5,000 annual tax cut to your income, if the tax cut.
Explain the concept of working capital management. Identify and briefly describe several financial instruments that are used as marketable securities to park excess cash.
What must the price ratio, / x y p p , be? How should labour be allocated between x and y to satisfy the demands calculated in part (b)?
You have been contracted by an economic consulting firm to determine the economic structure and possible future actions of OPEC, the Organization of Petroleum Exporting Countrie
Assume no change in current productivity or current labor supply in either country. What is happening to financial flows? Why?
where PB is the ticket price paid by businesses, measured in dollars, and AB is their attendance measured in thousands of fans. Draw this attendance demand function.
If gasoline was selling for $3.00 per gallon before the cutoff, what new price would you expect to see in the coming months?
The currency-deposit ratio has been and is likely to remain relatively stable. Given this information, which monetary aggregate should the central bank head choose to emphasize?
What is the Equilibrium level of Income? (Include Investment). What would be the new equilibrium in this economy if Investment increased by $12?
What would happen to the Production Possibility Frontier over time? How would invention and technological improvement modify your answer? Graph the PPF for each scenario to illustrate.
How many pounds of potatoes will she purchase? What if she only had $2.00 to spend? Janice will purchase pound(s) of potatoes with the initial income.
A cleaner production process is available, which would not require dumping the scum in the lake. However, converting the plant would increase yearly costs by $100,000. Is current situation Pareto e
Annually the hospital admits 15,000 patients. What is the optimal decision for this hospital if the total revenue for the past fiscal year is 40,000,000.
Free zone would happen if the central bank lowered the federal funds rate and buy securities on the open market? Recommends that the bank central raise or lower the federal funds rate? For what?
Suppose that you are in a committee meeting of the United Nations. Consider the following questions: When is international trade an opportunity for workers?