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Mathematics is a very important discipline in economic analysis. This is largely due to the fact that most variables in economics are related and can as well be expressed mathematically. Give examples of economic relations that may be solved mathematically.
America is considered a rich nation because Americans can choose from an abundance of goods and services. How can there be scarcity in a land of abundance.
Elucidate why the MP/P relation is deficient as the sole mechanism for determining the optimal level of resource.
Suppose GDP in 2010 is USD 1.577 trillion and the average annual growth rate is 3%. a. Calculate the GDP in 2025 using both continuous and discrete compounding.b. What is the GDP in 2025 if the average annual growth rate increases to 4.5%?c. What mus..
The value of cross price elasticity of demand between goods A and B is 0.75, while the cross price elasticity of demand between goods A and C is -1.38. Characterize A & B and A & C as substitutes or complements and what are her accounting profits..
"Real Interest Rates" Please respond to the following: Determine the best possible way to account for inflation when considering where to invest your money. Provide specific examples to support your response.
Can you see why, if price is set by the market, and the firm's marginal cost curve slopes up as a function of quantity, this rule tells the firm which quantity to produce in order to maximize profits. What is the shutdown rule for a perfectly compe..
Explain what, in turn, will happen to income. A government official suggests increasing government purchases by $100. What is the main benefit of this proposal What is the main drawback of this proposal
1. What do you understand about remote logging? 2. Explain Linux process accounting.
Describe whether the present situation in Iraq presents new opportunities for DWI to expand its market share into Iraq, the legal and ethical risks and benefits.
Illustrate what are the arguments in favor of trade restrictions, and what are the counterarguments. According to most economists, do any of these arguments really justify trade restrictions.
Debt issued by Southeastern Corporation currently yields 12%. A municipal bond of equal risk currently yields 8%. At what marginal tax rate would an investor be indifferent between these two bonds?
The component sells for $20 each. Calibrated's current capacity is 10,000 units per week. For the last few months, however, the company has been receiving new orders at a rate of 14,000 units per week, and now has a substantial backlog. The com..
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