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Is the china dishes a personal property? What is a personal property? Do Marlene waver her ownership rights by abandoned the dishes at a dump site? Does Joe have new owner rights to the china dishes when it was found at the dump site?
Write down the IS and the LM equation. Explain why the IS curve is downward sloping and the LM curve is upward sloping. According to the Keynesian-cross analysis, if the marginal propensity to consume is 0.8, and government expenditures and autonomou..
Suppose there are two types of people who need health insurance; high-risk and low-risk consumers. High-risk consumers have a relatively high probability of needing expensive medical care and on average incur $2,000 of medical expenses per year.
An economy is described by the following equations: Yt(subscript) = K0.5t(subscript) L0.5, s = 0.2, δ = 0.1 (no population growth). Find the steady state values for k,y,c,i (all expressed in per-capita form) What are the values of k and y if the econ..
In presenting your thoughts and beliefs, contextualize your opinion in terms of challenges of managing that diversity issue within your workplace.
You have maxed out your $10,000 credit card, which is being charged 12.8% interest compounded daily. What is the minimum monthly payment to continue to break even? How much should you pay each week to get out of debt within one year?
Assume that the market for wheat is perfectly competitive, with demand curve P = 5000 ? 0.01QD and a supply curve P = 1+0.1QS. Each identical wheat producer has a total cost curve given by T C = 1+Q+Q2 , which results in marginal cost of MC = 1 + 2Q...
Think about the demand for the three popular game consoles: XBox, PS3, and Wii. In each of the scenarios below, briefly describe the effect on (a) the demand for XBox games and (b) the quantity of XBox games demanded
If David also Ellen live in rent-controlled apartments, illustrate what is the equilibrium cost for the non-rent-controlled apartments.
Suppose we have an economy of four people. One very rich person makes $100,000 per year, while three (relatively) poor people make $20,000. Suppose the rich person has an MPC of 0.2, and the poor have MPC’s of 0.8. Assess the following statement: If ..
q.draw a graph with arcade games on the horizontal axis also newspapers on the vertical axis. joe has 10 every week to
Please provide a summary of the current economic crises existing in Greece.
Illustrate that there are any extra costs or benefits due to this shift.
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