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Suppose that in an economy, net taxes and governemnt spending are independent of income. It is determined that when government spending falls by $200 billion income falls by $800 billion. What is the MPS? What is the MPC?
q.1. what are the reservation values you calculated for bel vino and star shine? explain briefly justify your
An electronics manufacturer is considering the purchase of one of two types of laser trimming devices. The sales forecast indicated that at least 8,000 units will be sold per year. Device A will increase the annual fixed cost of the plant by $20,000 ..
q.russell owns 30 percent of the outstanding stock of thacker and has the ability to significantly influence the
what is meant by the minimum cash reserve requirements referred to in this clip? b) what terminology do economics use to refer to the process described in this clip?
If the mortgage interest rate is 7 percent, approximately how much are home owners paying in annual mortgage interest? b. If the interest rate drops to 6 percent, by how much will annual percentage decline?
Suppose that several months of data showed the CPI increasing at a 4 % annual rate due largely to increases in the price of energy and food related commodities following several years when the CPI only increased by 2.2 % per year. What would you expe..
The Consumer Expenditure Study surveys people about their finances and spending. What is your occupation? What is the amount of your student loan, if any? How would you rate your credit using these categories: excellent, good, fair, poor?
Which of the following statements is correct? a. Long-run total costs are the sum of fixed costs and variable costs. b. Short-run total cost curves are an “envelope” of their respective long-run curves. c. Long-run total cost curves are an “envelope”..
Using your answers above, why does the growth rate of real GDP differ depending on the base year? Explain how the technique of Chain-Weighted Real GDP alleviates this problem.
Joe has $16 to spend on Twinkies and Hohos. Twinkies are prices at $1 and Hohos are priced at $2 per pack.
Three years ago Maricopa County implemented a policy to tackle the problem of particulate matter in the air. The project/policy consisted in paving and compacting some of the roads the dairy industry uses for feeding the cattle and transporting the m..
Suppose there are only two people in society. The demand curve for person A for mosquito control is given by qA=$100−P. For person B, the demand curve for mosquito control is given by qB=$200−P. Suppose mosquito control is a nonexclusive good – that ..
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