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The Good’n’Fresh Grocery Store has 2 checkout lanes and 4 employees. Employees are equally skilled, and all are able to either operate a register (checkers) or bag groceries (baggers). The store owner assigns one checker and one bagger to each lane. A lane with a checker and a bagger can check out 40 customers per hour. A lane with a checker only can check out 25 customers per hour.
Suppose a firm is producing 1,000 units of output (Q). Its average fixed costs are $50. Its average variable costs are $25. What is the total cost (TC) of producing 1,000 units of output (Q)? It the price (P) of the good is $100, what is total rev..
If the world economy expands so that foreign demand for U.S.-made goods increases, in the short run Illustrate what will happen to aggregate demand, the price level, and real GDP in the U.S..
Illustrate what are the values of public saving,national saving and private saving.
Past history says that tomorrow's demand for lettuce averages 250 boxes with a standard deviation of 34 boxes. Explain how many boxes of lettuce should the supermarket purchase tomorrow.
q.assume you are a painter as well as the cost of a gallon of paint increases from 3.00 a gallon to 3.50 a gallon. your
Explain how much money willyou have earned when the bond reaches maturity in five years.
Please explain each effect of the three effects also explain the downward slope of the aggregate demand-aggregate supply model: Real-balances effect, interest-rate effect, and foreign-purchases effect.
How much would you have to invest today at 8% compounded annually to have $25,000 available for purchase of a car four years from now.
The financial writer Andrew Tobias described an incident that occurred when he was a student at the Harvard Business School
What is the equilibrium after aggregate supply changed? If potential GDP is $1 trillion, does the economy have an inflationary gap, a recessionary gap, or no output gap?
Compute the price elasticity of demand when price changes from $100 to $80 per pair using the average formular.
Describe each alternative`s break even pontin unit. At what volume of output would the two alternative yield the same profit.
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