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Suppose disposable income increases by $2,000. As a result, consumption increases by $1,500. Answer the following questions based on this information. Where appropriate, enter your answer as a decimal rather than as a percentage.
The increase in savings resulting directly from this change in income is:
The marginal propensity to save (MPS) is:
Management in a Foreign Country Research business
Consider the following short-run production function (where L =variable input, Q =output: Q = 10L - 0.5L2 Suppose that output can be sold for $10 per unit. Also assume that the firm can obtain as much of the variable input (L) as it needs at $2..
Labor force = number of employed. Labor force = population - number of unemployed. Unemployment Rate = number of unemployed ÷ (number of employed + number of unemployed) X 100.
Suppose that the only input used in the generation of solar energy is sunlight
In the foreign exchange market, the quantity U.S. dollars demanded is a function of:
In a criminal case, explain how the state changes the defendant, who has the burden of proof and what, is the burden of proof?
Suppose government now impose a tax, , on every unit of cheese produced. Graphically illustrate market after tax. Label tax revenues collected. Who bears more of burden.
Describe three types of physician remuneration schemes and comment on physician incentives under each scheme. For each scheme, summarize the evidence regarding physician behaviour.
What is your opinion of this economics course? Did it meet your expectations? What suggestions can you offer for improvement of this course for future students?
The production function. Y=K^5 (AN)^.5 , where both the population and the pool of labor are growing by rate n=.07, the capital stock is deprecciating at a rate of d= .03, and A is normalized to 1. What are the capital's and labor's shares of income...
Describe the Product, Price, Place, and Promotion of Porsche. Explain the current situation of the organization in the market (industry, market, and general environment analysis). Describe your recommended organizational structure.
Two firms compete under Cournot competition with constant marginal costs c1 = 2 and c2 =6. The market demand is p=24-q. Compute the market share of each firm, the market price, and the total quantity produced in the market. Compute the Lerner index.
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