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Find the value which AFC approaches as Q gets very large. Explain what this implies for fixed costs per unit (AFC) as production quantities get ever larger.
STC = 260 + 25Q - 3.6Q^2 + 0.3Q^3
Find the present-value equivalent to the following geometrically increasing series of payments.
A recessionary expenditure gap in a mixed open economy can be measured as the extent to which cumulative expenditures
Jerry Stans, a young industrial engineer, prepared an economic analysis for some equipment to replace one production worker
Suppose that a country that has a high level of output per person agrees to trade with a country that has a low level of output per person. Which country can benefit?
Suppose the country of Liliput exported 229 billion dollars worth of goods while they comported 489 bilion dollars worth of goods in the last calendar year. Calculate Liliput's balance of trade:
Country A has 3500 units of labor and can produce two goods, manufactures and food. A’s producers take 7 units of labor to produce one unit of manufactures and 2 units to produce one food unit. Country B has 4500 units of labor and takes 5 units of l..
What should the federal government do to promote long-run economic growth?
A fractional reserve bank creates money. Are there any limits to how much it can create? Does a large bank face the same limits as a small bank? What would be the limits for a large bank that was the only bank in the country?
Illustrate If G rises to 200 and T rises to 150. How much would the GDP change as a result.
The annual depreciation is estimated to be $456,926 and the interest expense is estimated to be $206,975. If the tax rate is 33%.
Assume that no banks hold excess reserves, and the public holds no currency. If a bank sells a $100 security to the Fed, explain what happens to this bank and three additional steps in the deposit expansion process, assuming a 10% reserve requirement..
Calculate the returns to scale, marginal productivity, and state which of the functions defines a convex feasible region over their entire usage?
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