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Sally buys strawberries for $5, and makes chocolate covered strawberries, sells them to a market down the street for $22, and then the market sells it for $38. How much did GDP increase through the whole process?
Why is there a limit to capital deepening? What roll does government play in economic growth? Why might education, foreign aid, infusion of new machinery, and efforts to stem population growth not imroved the standard of living in a lot of develop..
The price of Labor (L) is $50 for each unit and the price of capital (C) is $20 per unit. How much labor and capital should Joy employ to produce 100,000 units? Find out the total cost of production?
What is the total dollar value of the change in welfare in the United States caused by the tariff? State whether the U.S. gets a welfare gain or suffers a welfare loss from the tariff.
If the reserve requirement (rr) is 0.2, what Is the simple deposit multiplier? If, in addition, the currency deposit ratio (c) is 0.06 and the excess reserve ratio (e) is 0.16, what is the money mul-tiplier? Explain why the money multiplier differ..
A pharmaceutical firm has a monopoly on a new class of vasodilator. The market demand is given by P=240-0.01*Q, and thus MR=240-0.02*Q. The monopolist's marginal cost is constant and equal to 20. Calculate the profit-maximizing price.
Where does money for the extra insurance expenditures come from and what is the total expenditure in this market before the copay is instituted?
exercise 1a long time ago in a galaxy far far away the long run yearly demand and supply of moisture were qd 28 - p5
An editorial in the Wall Street Journal states: "We don't put much stock in future budget forecasts because they depend on so many variables." What variables would a forecast of future federal budget deficits depend on? Why do these variables make..
Arian is about to borrow $2,000 from his uncle. He has an option to repay the loan at the end of year 4 with 5.43% simple interest per year or with 8.99% interest per year, compounded every 5 months. What is the difference of the total interest paid ..
Describe the business and explain the general pattern of change of the particular market model indicating how this change is likely to impact business operations.
According to Okun's law, what unemployment rates would we expect to see in this economy? b. Consider another economy in which the unemployment rate over the next three years is 6%, 7%, and then 4%. According to Okun's Law, what are the levels of s..
which of the following has not occurred over time in the past several decades in the physician services market?a. the
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