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The real rate of growth of the US economy is, on average, about 2.5 % annually. The Chinese economy grows, on average, at a rate of 8.5 %. According to World Bank data in 2011 the GDP of the United States and China was 14.99 and 7.31 trillion dollar, respectively. How long will it take for China to reach the current size of the US economy? Is it possible for China to overtake the United States in 21 century?
describe how the firm prices its revenues and costs
the government decides to tax cookbooks because they feel that they encourage overeating and can lead to health issues
What are profits if the firm chooses the profit-maximizing price and what are profits if the firm chooses a penetration price equal to marginal cost?
In the market in which David and Ellen have rent-controlled apartments, Ellen gets an apartment and Charlie does not. In the market with no price controls, the situation is reversed. Charlie gets an apartment and Ellen does not.
A small shop sells a variety of smartphones. Suppose we know that the battery life of smartphone a is normally distributed with a mean of 15 hours and a standard deviation of 6.4. also suppose we know that the average battery life of smartphone b is ..
A young couple is purchasing a new sport utility vehicle. The price of the new vehicle is $28,300, sales tax is 7.5%, title and registration will cost $105. The dealer is offering a special finance rate of 1.9% APR for 36 months (compounded monthly)...
the lecture described how taxing income may change savings behavior. suppose instead that the government taxed
In order to derive an individual's demand curve for salmon, we would observe what happens to the utility-maximizing bundle when we changea. income and hold everything else constant. b. the price of a close substitute and hold everything else constan..
Under a welfare plan, poor people are given a lump-sum payment of $L. If they accept this welfare payment, they must pay half of anything they earn to the government as a tax. If they do not accept the welfare payment.
How does industry-level price elasticity of demand shape the opportunities for making profit in an industry How does the firm-level price elasticity of demand shape the opportunities for making profit in an industry
describe developing countries and how they differ from industrial market economies. how can international trade aid
1.what economic problem is the nation facing?2.what would be the goals of your fiscal policy?3.what exact fiscal policy
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