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Suppose a firm uses two inputs, 1 and 2, in the production of a final good. In the short run, if input 2 is fixed and its price goes down, what happens to the firm's profit?
(National Income Accounting) Define Gross Domestic Product. Determine whether each of the following will be included in the 2007 U.S. GDP b) Automobile parts manufactured in the U.S.A. in 2007 but not used until 2008 c) Social Security benefits paid..
The sum of coefficient are 0 using STATA program?
Questions: If your answer is in decimal form, round to 2 decimal places. For example, if your answer is .412, enter it into the fill-in-the-blank as .41, or if your answer is 1.415, enter it into the fill-in-the-blank as 1.42. If there are no decimal..
Write an essay about Economics: Making Sense beyond Common Sense. What is the subject matter of economics? What role does the "division of labour" play in defining this subject matter?
The purpose of taxes is to generate revenue to allow government to provide services to citizens that they cannot easily provide on their own. If the government chose to reduce taxes by eliminating some tax services
Determine whether a permanent increase in the size of the labor force and an improvement in technology, other things held constant, would lead to an increase, a decrease, or no change in long-run aggregate supply
Easy Living Corporation manages a 1000-unit rental apartment complex. If rent is set at $2,000 a month, the complex would have a 90 % occupancy rate. A 100 % occupancy rate is achieved by reducing the rent to $1,800 a month
the ppf curve shows the economic choices a country can make about production given scarce resources a given technology
Describe several different fixed costs and variable costs associated with operating an automobile - How is the restaurant able to differentiate between the short run and long run
Calculate the sample size using a 95% confidence level, and a 5% margin of error and Discuss how validity (and reliability) will be achieved.
Calculate the present worth of the following geometric series cash flow: Annual interest Rate =8.19 %, Annual cash flow increases 21% each year, The first year value is $85 and the series is 8 yrs long.
Based on this conclusion and discussing the source and derivation of income principles, state which amounts would be included in his assessable income for the year. You do not need to consider the consequences of any Double Tax Agreements.
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