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No durable goods spending= $400million, durable goods spending = $300 million, new residential housing spending = $200 million, and spending on services = $500 million. What does consumption equal?
Describe how the economic theories and principles you have studied in this course have deepened your thinking about economic behavior.
question 1explain and illustrate with diagrams the differences between diminishing marginal returns and decreasing
Explore how a firm determines the optimal scale of a plant for a given rate of output and why this determination relates to longer-run strategies versus current operations. Also, discuss the differences between economies of scale and economies of sco..
Assume that velocity and aggregate output are constant. If the money supply increases from $1.10 trillion to $1.18 trillion:
A forklift truck costs $29,000 now. A buyer agrees to purchase such a truck with a single payment for the balance due in 1 year. The seller offers two interest schedules: a rate of 6%, compounded yearly, or an annual rate of 5%, compounded continuous..
Sam Musso is planning to retire in 20 years. He can deposit money at 8% compounded quarterly. What deposit must he make at the end of each quarter until he retires so that he can make a withdrawal of $45,000 semiannually over five years after his ret..
Textile Workers of America is planning to strike for higher wages. Management predicts that if strike is successful, cost of labour will increase $100 per day. If strike is successful, how would this affect decision in part a to purchase a textile..
If the actual price in this market were below the equilibrium price, illustrate what would drive the market toward the equilibrium.
A country has a comparative advantage in a good if
Explain how can multiplier have a -ve effect. What is the relationship among the multiplier as well as the marginal propensities.
the mining industry has been a major driver of economic growth in australia in the recent decade and currently accounts
In an effort to reduce education expenditures, Delware shuts down two of the five colleges that train nurses. Using the traditional supply and demand model, discuss the effects of the budget cut on three markets: the markets for nurse schooling (tuit..
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