How much government raise expenditures to shift demand curve
Suppose that there are crowding-out effects and the MPC is .9. By how much must the government increase expenditures to shift the aggregate demand curve right by $10 billion?
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English company billed its customers a total of 1575000 for the month of november. The total iccludes a 5% state sales tax. Determine the proper amount of revenue to report for the month
Are wireless telephone companies in the US market conducting the same practice of non-price competition? Explain your answer in both cases.
Analytical procedures used in planning an audit should focus on identifying :
Glass Industries reported the following data for the year just ended: sales revenue, $1,750,000; cost of goods sold, $980,000; cost of goods manufactured, $560,000; and selling and administrative expenses, $170,000. Glass' gross margin would be :
There are two identical firms in an industry. Each firm uses a Cournot strategy to maximize profits. If the best response function of firm one is: Find the equilibrium level of production for both Firm 1 and Firm 2
Analytical procedures enable the auditor to predict the balance or quantity of an item under audit. Information to develop this estimate can be obtained from all of the following except:
If Firm 1 believes that Firm 2 will sell q2 =2. By using a Cournot model, calculate the profit maximizing level of production for Firm 1, price, profits for each firm, and consumer surplus.
What are the price, quantities, and profits for each firm in equilibrium? Assume that the government charges a per unit tax of $1. What are the price, quantities, and profits for each firm in equilibrium?
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