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The federal government's budget surplus was $236.2 billion in 2000 and $128.2 billion in 2001. What does this information tell us about fiscal policy actions that Congress and the president took during those years?
It is possible to construct situations in which a consumer can find several points that all maximize her utility. Take the case of perfect substitutes. In Figure S.1.5, we have four indifference curves for perfect substitutes.
market structure - principles of microeconomicsyou have been hired as a consultant by your local mayor to look at the
What environmental law, currently up for debate before a state or federal government, do you support and why?
At the end of each year, a worker invests $2,000 into an account the draws 4% interest. The worker makes every payment for the next 30 years except for the payment at the end of year 10. That is, no money is invested at the end of year 10. How much m..
Suppose you are the manager of a California winery. How would you expect the following events to affect the price you receive for a bottle of wine?
Suppose that w = 4. How much would the monopolist be willing to pay to set r such that it monopolizes the market for the final good?
What do you make of the fact that longer tenure with the company, holding the other factors fixed, is associated with a lower salary?
Calculate the linear demand schedule
globalization was welcomed around the world at the beginning of the 1990s. different trade theories were used to
Jane, the manager of a company manufacturing air-conditioning units can choose between two production technologies for a new product line. If she chooses and installs technology 1, the yearly costs will be C1(q) = 3600 + 65q + 36q2. If she installs ..
Compute the change in the levels of consumption and investment from one year to the next, and graph them for the period 1959 to the latest available date. Are the year-to- year changes in consumption and investment of similar magnitude?
Gaither entered into a contract with a nonprofit corporation whereby Gaither would receive $700 per month while in medical school, provided that he would return to his small hometown, Chester, to practice medicine for ten years after becoming a licen..
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