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Let's put a dollar amounts on the flows in the circular flow. Suppose that business buy a total of $120 billion of the four resources (labor, land, capital, and entrepreneurial ability) from households. If households receive $68 billion in waged, $14 billion in rent, and $24 billion in interest, how much are households paid for providing entrepreneurial ability? b-) If households spend $ 65 billion on goods and $ 55 billion on services, how much in revenues do businesses receive in the product market?
Elucidate what is the new market price. How many Frisbees are sold angry students marched to Washington, asked Frisbee price.
There is a direct relationship between a growing real GDP also rising pollution. Growth provides an economic environment favorable to education also self-fulfillment.
explain how and why a monopolist would try to price-discriminate: Providing air travel for business people and tourists; A fast-food restaurant that serves business people and retired people
What desire to purchase does not vary with time. Ignore the time value of money and compute the optimal pricing scheme of the iPhone.
the first automobiles were built in 1901, they were manufactured by skilled workers using hand tools. Later, in 1913, Henry Ford introduced the moving assembly line, which lowered costs and speeded production.
he or she rents 63 movies per year at the same price per movie. What is the implied income elasticity of demand for movies? Are movies a normal good or an inferior good?
Suppose the USA and Canada are considering to trade. Assume there are only two goods in the economy: wheat and corn. The table below illustrates what each nation can produce in a given year.
How do I create a graph or formula that allows me to understand reach of FOF when my fan base is at different levels between 50,000 and 500,000.
Explain basic idea behind Big Push model. How can O-ring theory help explain existence of a low-level equilibrium that an economy may find itself.
Chief Executive Officer (CEO) Pay There are several possible methods for determining the pay of CEOs in large corporations.
verify the excess burden can also be calculated using this formula.
who expend resources to ensure that y only buy IPOs that will yield positive returns over time and uninformed investors who buy stock indiscriminately and without information (Rock, 1986, p. 190). Could IPOs Be Lemons.
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