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The division of US businesses in the categories of proprietorships, partnerships, and corporations is based on 1) generally accepted accounting principles 2) legal considerations 3) the judgment of the American economic assoc 4) an executive order of the president
Policies established by the World Bank and the IMF have been the subject of much criticism, especially from the developing world. Why might developing world nations be critical of these policies? Do you think the policy actions are justified? Explain..
There are two choices for replacing a punch press. The basic model has a useful life of 8 years while the deluxe model has a useful life of 12 years. Whats the most appropriate analysis period for this problem?
1. The Phillips curve suggests a trade off between, a. unemployment rates and tax rates b. inflation and money supply c. monetary policy and fiscal policy d. unemployment rates and inflation d. inflation and GDP
What is the difference between diminishing returns and decreasing returns to scale? Why are cost curves U-shaped in the short run?
Describe the relation between marginal and average costs. Describe the relation between marginal and average fixed costs. Describe the relation between marginal and average variable costs.
Assume that the 12% rate used in problem 2 is a constant dollar rate (i’). Now discount your end of year cash flows from problem 10 by inflation (f=4%) and re-compute your IRR’ and NPW’. What is the market interest rate (i)______________ IRR’________..
Assume that you are going to start a small business of your own. Further, imagine that you are able to adequately differentiate your product, or service so that you can establish your business as a monopolistically competitive firm. Describe the busi..
For a business that sells a product for which there are many close substitutes,
In this economy, solve for national saving, investment, the trade balance, and the Equilibrium exchange rate. Suppose now that G rises to 1,250. Solve for national saving, investment, the trade balance, and the equilibrium exchange rate. Explain what..
Concert tickets to see Adele have increased from 100$ to 150$.
Indicate the various components of GDP when it is derived by the resource cost-income approach. Calculate using the resource cost-income approach.
What is a price ceiling and what effect does it have on the market? List and explain several positive and or negative consequences of this action. What would happen to producer and consumer surplus?
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