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Use the data on U.S. real GDP below to compute real GDP per person for each year. Then use these numbers to compute the percentage increase in real GDP per person from 1987 to 2005.
Year REAL GDP (2000 prices) population
1987 $6,435,000 million 243 million2005 $11.092,000 million 296.6 million
The domestic supply curve is P=30+0.5Q. The world price for lithium batteries is $40. If the quota is set for 20 units, what is the deadweight loss from the quota?
Explain how the locations of each of the four curves graphed in question 7b would be altered if (1) total fixed cost had been $100 rather than $60, and (2) total variable cost had been $10 less at each level of output.
The entire satisfaction consumer gets from consuming a good or service is________ utility, but the extra or additional satisfaction that a consumer gets from a good or service is ________ utility.
Elucidate why is it that market leaders and monopolies generally acquire rather than develop new technology.
The American Nursing Association (ANA) reports that there is a nursing shortage. Develop initiatives to move nurses through graduate studies more rapidly.
Explain how might this allocation under allocation get resolved via the means suggested by the coase theorem.
Level of GDP per effective worker and explain whether this economy is following the Golden rule
I'm trying to discuss whether integration between the following types of firms would constitute a horizontal, vertical, or conglomerate merger.
How do you think each of the following affected the world price of oil? (Use demand and supply analysis.)
Explain how much will your industry's total revenues (revenues from both products) change if you increase the price of good X by 1 percent.
A decision by the U.S. to utilize fiscal policy to run a fiscal deficit, chiefly through unprecedented heavy spending, to stimulate the US economy
Find the overall change in the economy's money supply if, when the reserve ratio is 5%, the Federal Reserve System buys $250 million of US government bonds from the banking system. What would have been the change if several billionaires deposited ..
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