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A life insurance salesman spends 9 hours a week on the telephone soliciting new clients. Fro past experience, the salesman estimates that each hour spent calling students, blue- collar workers, and professionals will produce the following number of additional sales: Hours calling (1 to 6), studnets( 10, 8, 6, 4, 1, 0), Blue-collar Workers (8,6,4,1,0), professionals (14, 11, 8, 6, 4, 1). Q-1. Hours spent calling students= ? Q-2. Hours spent calling blue-Collar workers=? Q-3. Hours spent calling professionals=?
What is the equilibrium level of income? If government purchases increase to 420, what is the new equilibrium income? What is the multiplier for government purchases?
If a stock's expected return plots on or above the SML, then the stock's return is (A)_________ to compensate the investor for risk. If a stock's expected return plots below the SML, the stock's return is -_(B)_______to compensate the investor for ri..
Explain how does this affect the supply of beef. Explain how does it affect the supply of beef worldwide.
q.suppose the market demand for apples is given by qd 1600-100p and there are two firms operating in it each with a
Suppose a firm has the following production technology: one work is required to operate on one machine (capital). More than one worker on the same machine will have a zero MPL. One worker operating on two or more machines will also have a zero MPK. I..
Assume a hypothetical economy in which the velocity is constant at 2 and real GDP is always at a constant potential of $4,000. Suppose the money supply is $1,000 in the first year, $1,100 in the second year, $1,200 in the third year, and $1,300 in th..
What is the lowest price John can offer for this contract?
Suppose that Taher's pizza business operates under competitive conditions and that his short-run production function is q=20^E. How much labor does he employ if the price of each pizza is p = $12 and the hourly wage is w0 = $6? [Hint: In this case, i..
Elucidate how if at all among the following events affects the location of a country's production possibilities curve.
In a perfectly competitive factor market, a firm faces a(n):
Assume you are the manager of a medium-sized industry which operates in an industry which has a four-industry concentration ratio
The bank is paying 10.13% compounded annually. The inflation is expected to be 11.77% per year. What is the market interest rate?
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