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The publisher of a new book figures fixed cost at $92,000 and variable cost at $2.10 for each book produced. If the book is sold to distributors for $15 each, how many must be sold for the publisher to break even?
What are the three basic functions of money? Describe how rapid inflation can undermine money's ability to perform each of the three functions.
Assume buyers in the used car market are willing to pay $3,500 for a plum used car and $1,500 for a lemon used car. If buyers believe that thirty percent of the used cars.
Suppose the marginal product of labor is 8 and the marginal product of capital is 2. If the wage rate is $4 and the price of capital is $2, then in order to minimize costs the firm should use
using the rudebusch version of the taylor rule from the internet activity compute the value of the federal reserves
you are the owner of a fast food restaurant. given a new item that you recently advertised you experience additional
question 1 what do you mean by a social welfare function? if you suppose that such a function exists what properties of
According to a study of US cigarette sales among 1955 and 1985, when the price of cigarettes was one percent higher, consumption would be 0.4 percent lower in the short run and 0.75 percent lowers in the long run (Becker et al., 1994). Compute the sh..
1. Explain the difference between general-equilibrium models and partial-equilibrium models. How are the numbers of endogenous and exogenous variables related to whether a model is a partial-equilibrium or general-equilibrium model?
Indicate how an increase or decrease each of the following factors would encourage a worker to retire at an earlier age? Present value of total social security benefits
A competitive market is intended to result in improved efficiency, though it will not necessarily improve equity. That is, a competitive market might encourage efficient production but may not necessarily result in a redistribution of wealth
How is the US economy doing today? What indicators do you see in terms of recovery or lack of recovery? In terms of establishing/continuing economic recovery what economic theories and actions are being used by the Federal Government to sustain and g..
A number of stores offer film expanding as a service to their consumers. Assume that each store that offers this service has a cost function C(q)=50+0.5q+0.08q2 .
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