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Suppose we have monthly data on the CPI and quarterly data on the GDP. We have information only on the first two periods. We are given that the CPI increased by 0.5% from January to February, while GDP increased by 1.3% from Q1 to Q2. We would like to see if how growth and inflation rates compare. What would be the "annualized" growth rate of each?
1. a consumer splits their income equally between two goods. if the price of one good increases by 10 and their income
the allen corporation a sofa retailer wants to determine how many sofas it must sell in order to earn a profit of 10000
A longstanding issue in economics is how income taxes affect government revenue. Proponents of increasing income taxes say that taxing citizens at a higher rate will increase government tax revenue since you are collecting more from each person.
If a high per-bag fee were charged for garbage collection, how would consumers respond? What can cities do to reduce the amount of garbage that goes into landfills?
Budgeting assignment. Imagine that you are planning a two-hour initial discussion about budgeting and capital purchases for newly appointed first-line supervisors. Determine the topics you would include and explain why.
the demand curve for 48 sony flat screen televisions is likely to move to the right when consumer incomes increase.the
an employer gives out private information to an employees ex-husband. the private information included the employees
Predict what would happen to the equilibrium price of marijuana if it were legalized. Use demand & supply analysis to answer. Provide verbal and graphical explanation.This paper has to be three pages.
What is the opportunity cost of producing pastries and sandwiches in West Coast? Which nation has a comparative advantage in producing pastries and which nation has a comparative advantage in producing sandwiches?
consumers choices are prey to subtle discrepancies that arise in cognitive accounting. learning how and when you are
Perfect Competition is a model of which examples are few and far between. Yet economists love to discuss this model. Explain why.
Draw an average total cost curve, an average variable cost, and a marginal cost curve all on the same graph. Make sure to correctly label the axes. What relationship must exist between the marginal cost curve and the average total cost and average..
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