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Some states are required to balance their budgets at all times. When a recession starts, is this requirement stabilizing or destabilizing? Explain your answer.
Banks are known to act as financial intermediaries. Between whom do banks serve this function?
Suppose a firm’s total cost curve is TC = 1000 + 10q + 4q2 , such that MC = 10 + 8q. Find the firm’s fixed cost, variable cost, average total cost, and average variable cost. Find the output level that minimizes average total cost. Find the output le..
Define the term "opportunity cost" and include an example based on your real-world experiences. Discuss the differences between monetary costs (where money changes hands) and opportunity costs (forgone opportunities). Also discuss how these costs are..
How do you think productivity, technological innovation, and GDP are affected by the fact that the financial industry is able to lure these highly skilled
The government is considering a project that would cost $50,000 to build now, and would provide a benefit to citizens of $10,000 per year for the next 6 years.
There are several variables that combine to establish a successful, sustainable team. Identifying the key components becomes especially challenging when the members are operating virtually. Identify potential barriers to an effective team and options..
How large is the economy of Japan? Japanese GDP in 2010 was 480 trillion yen (U.S. GDP, again was $14.5 trillion). The exchange rate in 2010 was 87.8 yen per dollar. What is the ratio of Japanese GDP to U.S. GDP if we don't take into account the diff..
With continued applications of fertilizer, you should be able to grow enough wheat to feed the entire United States. Does this statement make economic sense
q. clarke mementos manufactures small figurines that they sell to retailers around the country. clarke sells the
A production function establishes the relationship between: Which of the following inputs can be changed in the short run? Which of the following statements is true of the long run?
A construction manager just starting in private practice needs a van to carry crew and equipment. She can lease a used van for $3577 per year, paid at the beginning of each year, in which case maintenance is provide.
Let C be total consumption expenditures of a family, and S the size of the family. Formulate an econometric model that the marginal effect of family size on consumption is a constant. What is the expected sign of the relevant coefficient? What are th..
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