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Is GDP a Good Measure of Economic Well-Being? If GDP is a good measure of well-being, why is Switzerland’s GDP so much lower than India’s GDP or China’s GDP? What measures would be better to compare the well-being of different countries? How do you expect these direct measures to correlate with per capita GDP?
Compute the yield to maturity to the nearest percentage point.
Explain why the marginal cost curve must cross the average cost curve at the minimum of the average cost. Derive the short run average cost, marginal cost, and average variable cost functions. (Hint: Before you start, what is the output if L = 0?)
Your community has been chosen as the site of a new power plant that will be the source of electricity for the entire region. This power plant will be within a few blocks of your house, so you have been given the opportunity to help choose the type o..
What is the optimal level of output for a monopolist? What is a monopolist price? What is the total profit (or loss)? Show answers to (a), (b), and (c) on a graph that includes demand, MR, and MC.
What would happen if no one tried to manage the business cycle? What role do you see for the Executive Branch of the U.S. government in managing the business cycle? How does fiscal policy work? What are its limitations? How does monetary policy work?..
If expectations are adaptive it means that the expected rate of inflation
The Newspaper reported that insurgents in Saudi Arabia had taken over a major oil refinery. What would you predict would happen to the average price and quantity exchanged in the market for gasoline in Saudi Arabia?
Which of the following is not a motive for holding money in? Keynes's liquidity preference? theory?
Suppose Shiva has preferences different from those discussed in class, as indicated by the following: If he consumes more milk (M) than bread (B), then he will always be willing to give up 2 units of milk for 1 additional unit of bread to remain indi..
What do we refer to the extra output or change in the total product caused by the addition of the one more unit of variable input?
Primary, assume all retailers sell the basic version of Vista also Circuit City were to raise the price at which it sells Vista.
There are three types of plant: coal, natural gas, and hydroelectric. The three types of plants face the costs appearing in the table above.
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