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In 1982 you earned $32,000 and the CPI had a value of 92. In 2010 you earned $92,500 and the CPI had a value of 219. Between the two years the inflation rate was__ %. Your nominal income increased by __% and your real income increased by __%
q1. illustrate what might you be able to infer about the elasticity of demand from the following statement in the
VML Industries has need of specialized yarn manufacturing equipment for operations over the next 3 years. The firm could buy the machinery for $95,000 and depreciate it using MACRS (this is a 7-year property). Annual maintenance would be $7500, and i..
How do the buyer's returns compare with the method of payment, and how do they compare with single versus multiple bidders.
Another utilization of cash flow analysis is setting the bid price on a project. To calculate the bid price, we set the project NPV equal to zero and find the required price. Thus the bid price represents a financial break-even level for the project...
The Abner Corporation, a retail seller of television sets, wants to determine how many television sets it must sell to earn a profit of $10,000 per month. The price of each television set is $300, and the average variable cost is $100. What is the re..
According to this Application, after the government deceased cigarette taxes in several Canadian provinces in 1994, the decrease in the price of cigarettes in these provinces A) more than doubled the smoking rate. B) created no noticeable change in t..
Suppose that the position of a nation’s long-run aggregate supply curve has not changed, but its long-run equilibrium price level has increased. Which of the following factors might account for this event?
There is an intimate connection between politics and economics, and different systems of the two can only exist side-by-side in certain pairings. For instance, says Friedman, a society which is (economically) socialist cannot also be (politically) de..
External wealth can increase by all of the options listed below EXCEPT which one? Enter in your spreadsheet the letter answer corresponding to the correct answer from those listed below:
discuss whether you agree or disagree with Chairman Bernanke's remarks on economic outlook and the role of the Fed' s monetary policy effectiveness by using unconventional policy.
Consider a typical graphical model of market supply and demand as applied to the market for two endangered species products: rhino horn and elephant tusk (two separate markets). A global ban on the trade of endangered species products has been impose..
There is a small but growing movement against immunizations in the US and in the world. Advocates claim that there is a positive relationship between immunization rate and autism, and they prefer their children to get a flu that would “increase their..
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