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How would you use these cost and revenue estimates to determine whether a sales force increase (or possibly a decrease) is warranted?
Their production function is Y = 2. Both countries start off with K = 100. What is the amount of consumption in each country this year?
P=320-.04Q with quantity, Q, measured in thousands of barrels per day and price, P, measured in dollars per barrel. The supply curve is given by PS=5+.015Q. Compute the equilibrium quantity and pric
Assuming that the returns of these stocks are independent of each other, find the mean and standard deveiation of the total amount that this investor earns in one year from these four investments.
Tuition fees and books will cost $12 000 per year. Living expenses will cost $10 000 per year. What is the opportunity cost of Andrea's four year university degree?
The less formidable U.S. Sherman tank was produced by American car manufacturers. Use the product-process matrix to explain that mistake and its likely result.
If the exchange rate at the end of the year was $0.90, does the yen appear to be overvalued, undervalued, or at the PPP level? Explain your answer.
Donuts a week at 50 cents a donut. If the price of a hamburger increases to $2.00, what will the consumer do to arrive at a new equilibrium? Why?
What is the marginal cost of producing the third unit of output? At what level of output does the firm encounter diminishing marginal returns? How do you know?
The unemployment rate is an important economic statistic that can tell us about the health of the economy. If the unemployment rate turns out to be high or higher than anticipated, we would expect t
Advertising and community donations will be $12,000 that year. The tax rate is 34 percent. What is the net cash flow in the year 2024?
Calculate consumer surplus. Find the market equilibrium quantity of brishels of wheat and tyhe market equilibrium price.
How much will you owe (i.e., principle plus interest) Citizens Bank in nominal terms at the end of 2014? (Use simple interest as we have done in class.)
On the day of the match, Susie's boss offers her $100 to come to work instead. In considering what to do, which of the above would be considered a sunk cost?
4 believe that the Fed will raise the rate to 2.25%, and 11 believe that the Fed will cut the rate to 1.75%. Find the mean and standard deviation for the forecasted federal funds rate in this sample o
A consumer must pay $10 per visit to an amusement park for the first five visits but only $5 per visit beyond five visits. What does the budget line relating to amusement park visits and other good
Less developed country interested in increasing its rate of economic growth. You notice that the country has no financial markets. What advice would you give?
Remove a deflationary gap in the economy, estimated as equivalent to a deficiency of aggregate expenditure of $4bn. Calculate the change in national income that can be expected from the $2bn of extra
Assume that a recession occurs and the worker is laid o from his or her job. What is the level of utility at the new mix of market work and household production?
If the marginal cost of planting and harvesting an acre is $7000 per acre for each of the five acres, how many acres should the farmer plant and harvest?
The bigger issue of raising the debt-ceiling of the Federal Government. If the US Government fails to rise the debt-ceiling, in what way the US economy may be affected? Explain your answer very brie
Assuming that the government is correct that cigarette smoking creates external costs, evaluate whether the study's recommended policies might help correct this negative externality.
Tthe equilibium quantity demande and supplied will fall to 90 units and the price will rise to $31. How much of the tax is backward shifted.
What happens to net personal income when the government raises taxes? When the government lowers taxes?How is GDP affected by higher taxes? Lower taxes?
Discussion with lenders indicates that a loan can be obtained for 75 % of a property's market value. Loan terms will probably be 8% interest, 20-year amortization.