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The primary deficit is defined as the difference between tax revenues and government expenditures, excluding interest payments; it represents what the deficit would have been, had the government not inherited any debt. Discuss why the concept of a primary deficit may or may not be useful or relevant.
Copper Refiner Phelps Dodge purchased a model MTVS peristaltic pump for injecting antiscalant at ite nanofitration water conditioning plant. The cost of the pump was $950. If the chemical cost is $10 per day, determine the equivalent cost per mont..
Scientists at Los Alamos are price takers. They can sell patentable ideas for $1. Consider the production of patentable ideas. If the only input is labor (the scientists time), and the scientist could also be earning $10/hour in outside work.
Create an extended definition of Classification and Division. Make sure to give enough detail and instruction so that your audience can understand what you are teaching them and how to create one of their own
jack has a utility function ux1 x2 x1 x2 power of 2the price of x1 is 3 and the price of x2 is 1 and jack has an
A movie producer has to decide whether to bid for the film rights of a modestly successful novel. If he bids, he believes there is a 90% chance that he will be successful in obtaining the rights. If the bid is unsuccessful he will have to pay lega..
The following data is available for an economy. Compute the inflation rate (measured from year 1 to year 2) using the GDP deflator and taking as base first year 1 and then year 2 Price of Peanuts in Year 1 $1.60 Quantity of Peanuts in Year 1 275 Pr..
Perform a t test on the slope coefficient and the intercept of the educational attainment function fitted using your EAEF data set, and state your conclusions.
What is the own price elasticity of demand when Px = $354? Is demand elastic or inelastic at this price? What would happen to the firm's revenue if it decided to charge a price above $354?
Formulate the household optimization problem in terms of the current-value Hamiltonian and derive the necessary conditions for an interior continuous solution.
An auto dealership estimates that its demand curve has an elasticity of 2.78. If it wishes to increase sales by 12%, by how much should it decrease price What will happen to revenue (rise or fall) If instead it raises price by 20%, what is the per..
The manager of a national retailing outlet recently hired an economist to estimate the firm's production function. Based on the economist's report, the manager now knows that the firm's production function is given by Q=K^(1/2) L^(1/2)
In this exercise, you will find actual points on the combined PPC of the two states. For each of the following values of one good, calculate the maximum amount of the other good that the two countries could produce working together.
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