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According to Marx, is there a tendency for the rate of profit to fall? On what assumptions is this argument based? What are the counteracting forces that may forestall such a fall? What is the “internal contradiction” of “the law of the tendency of the rate of profit to fall” and what is its significance? What is the nature of crises associated with the falling rate of profit? What are “realization crises”? How do crises associated with the falling rate of profit differ from realization crises?
Suppose the multiplier is 3, the marginal tax rate is 20%, and the marginal propensity to consume out of disposable income is 0.9. If government spending increases by $10 billion, then would national saving increase or decrease, and by how much?
Determine whether size is a statistically significant variable in estimating selling price. Calculate the coefficient of determination.
An office building and its equipment are insured to $7,100,000. The present annual insurance premium is $0.85 per $100 of coverage. A sprinkler system with an estimated life of 20 years and no salvage value can be installed for $180,000. Find the rat..
Explain the concept of 'effective rate of protection'. What does the effective rate on final goods depend upon and how? In what way does the effective rate analysis help illuminate these policy issues:
Roughly speaking, a merger between two firms is legal:
Assume that inflation is currently 4% but the Fed’s inflation target is 2%.
A firm in Perfect Competition has a Total Cost Function: TC = 6Q^2 - 8Q + 12 with a current P=$6. What is the current Quantity and Profit or Loss? Will firms enter or leave the industry? What will be the long run Price and Quantity?
Economists assume that consumers attempt to maximize their utility based upon their preferences, income and price of commodities. do you see any weakness of the above are you aware of any example of irrational behavior by consumers(or yourself )?
Consider an employee who does not receive employer-based health insurance and must divide her $700 per week in after-tax income.
A local market for new wood pallets has daily demand described by P=178-0.2Q and supply described by P=85+0.1Q. Calculate the equilibrium quantity. Suppose a market has a supply described by P=3.0+0.1Q and a demand described by P=6.0-0.2Q. Calculate ..
In 2003 to 2004, the Canadian dollar appreciated against the US dollar. Explain the effects of this appreciation on each of the following. Canadian exporters of goods to the US. Canadian firms that buy machinery and equipment from US suppliers.
Think of ways in which the Government is actively involved with the purpose of changing the economy with regard to unemployment or inflation (or deflation). Do you agree that the Government ought to be involved? Why or why not?
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