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What economic and social factors influence content and accuracy of media journalism and other sources of information about society and government?
A machine was purchased 4 years ago for $28,000. Its estimated life was 7 years with $0 salvage. Its market value today is $35,000. It is thought that its market value in 3 more years will be $12,000. 5 year macrs depreciation is being used. Calculat..
Use the following information for the next 10 questions. You should draw a graph that depicts the situation below and use your picture to answer the questions. Assume that wages and prices are sticky and that we start at a long-run equilibrium. After..
How should labour be allocated between x and y to satisfy the demands calculated in part.
What is the total revenue function? At what price is revenue maximized, and what is revenue at that point. Identify the elastic and inelastic regions of the demand curve
Jim wants to buy some electronic equipment for $1,106. Jim has decided to save a uniform amount at the end of each month so that he will have the required $1,106 at the end of one year. The local credit union pays 1/2% interest per month. How much do..
You live in a small town with only one grocery store. the demand curve for food in your town by p=35-1/5q. The grocery store has a total cost curve of tc = 50+1.25Q. Graph the Demand, Marginal Revenue, Marginal Cost, and Average Total Cost curves. Wh..
Using the concepts of marginal utility and marginal cost, discuss the nature of the inefficiency in each of the following cases: an arrangement that offers relatively little coffee and much tea to people who prefer coffee and does the reverse for tea..
Quick Profit sells box juice for $10.50 and has an inverse demand function of: P = 80 - 0.2Q. At the present price Quick Profit is unable to satisfy demand. The owner, Mr. Deal, wants to increase the price by 60%. Do you agree? Explain!
A price-taking firm selling in a market with a price greater than the firm’s average total cost should:
What is value of marginal propensity to consume (MPC) in this model Marginal propensity to save (MPS).
Describe a situation where the presence of multicollinearity would not necessarily be a bad thing. Explain your rationale. Describe a situation where multicollinearity would definitely be a bad thing and recommend remedial measures for the situation ..
Suppose the following: (i) two countries each with demand for a homogeneous good given by P(Q) = 40 − Q. (ii) in Country A there is one firm with a marginal cost of production of cA. (iii) in Country B there are two firms, each with a marginal cost o..
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