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Given the figures provided, calculate the GDP for the country, using the Expenditure Approach ONLY. Show your work. National income = 1,000, personal consumption = 3,000, net private domestic investment = 1,500, government purchases = 2,000, exports ..
You are expected to apply some of the concepts/ models or theories used in the course as well as secondary research (eg. periodicals, trade publications, newspapers etc).
q1. did the economic recession weve experienced recently affect your organization? how could anything youve learned in
The non accelerating inflation rate of unemployment is the unemployment rate associated with ____ inflation and ____ unemployment:?
Suppose that a firm uses three inputs to produce its output: capital K, labor L, and materials M. The firm’s production function is given by q = K0.5L0.25M0.25. Find the quantities of labor and materials that the firm will use to minimize the cost of..
M-Pesa in Kenya has significant network effects (it becomes more valuable to participate as the number of people grows that use it) across several sides or dimensions. Select the side/dimension that is least dependent on the network effects of the M-..
A material handling system was purchased 3 years ago for $120,537. Two years ago it required substantial upgrading at a cost of $14,340. It once again is requiring an upgrading cost of $24,925. Alternately, a new system can be purchased today at a co..
According to the RBA website, the current inflation rate is 1.5%. The RBA normally aims for inflation to be between 2 and 3 per cent. Since inflation is below 2%, and in reference to the media release by Glenn Stevens, why didn’t the RBA reduce the c..
What is the monthly interest rate? How much will Susan pay each month for 45 months? What effective interest rate is being charged?
Rain Makers Corporation is negotiating a five-year contract with its new CEO, Earl Honeywood. The corporation has proposed two contract options for the CEO, outlined as follows: A five-year contract, starting January 1, Year 1, for $7,000,000. Earl H..
The ratio of total productivity to the total quantity of a variable input being used in production is. In the long run all production inputs are variable. Decreasing returns to scale prevail when output increases by a proportion that is smaller than ..
David’s total variable cost function has been calculated to be TVC = 100Q + 30Q² - Q³, where Q is the number of units of output. When marginal cost is a minimum, what is the output level? When average variable cost is a minimum, what is the output le..
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