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An economy that produce only digital cameras, chocolate bars and watches. In 2013 the output was: digital cameras(1, price 2 each), chocolate bars(8, price 3 each), watches (1, price 2 each). In 2014 the produce was digital cameras(7, price 7 each), chocolate bars(2, price 9), watches(7, price 6). What is the chained dollar GDP in 2014?
Explain In Canada Full-time permanent ---full time temporary----part time permanent---part time temporary---- Why is diagram may only apply to certain people And also considering race and age.
One person using one computer can produce 11,000 typed pages per year, and the price per page for your service is $2. Depends on the costs and revenues above, which should you do. Elucidate and show any relevant calculations.
Explain how this investment capital is transformed into fixed capital goods, new technology, and cost reduction using new methods of production.
A monopoly has a demand curve of D (p)=150-3P. If marginal cost is equal to 2, what is the profit maximizing quantity?
What are the force and torque experienced by a system having a total dipole moment equal to 10?7 Cm in the negative z-direction?
Assume that the demand for chalk is p = 8 -0.1, where P is the market price and Q is the total market output measured in thousands of boxes of chalk. Suppose that there are three firms in this industry, each of which has a constant variable cost of $..
Why is it in the U.S we do not consume all of our current output instead of sacrificing some present consumption for investments?
Why is the demand relatively inelastic for medical care and gasoline but relatively elastic for movies and automobiles?
Harvery is faced with a lottery where he has a 25 percent chance of winning $10, a 25 percent chance of winning $30, and a 50 percent chance of losing $30. What is the expected value of the lottery? Will Harvey accept the lottery if he is risk neutra..
You are considering entering a market serviced by a monopolist. You currently earn $0 economic profits, while the monopolist earns $5. If you enter the market and the monopolist engages in a price war, you will lose $5 and the monopolist will earn $1..
Add a downward sloping demand curve, and show the profit maximizing quantity and price. Indicate the profit as an area on your diagram. Show the deadweight loss.
illustrate what way is Per Capita GDP a better measure of economic well being than GDP. How does this relate to economic problems in the undeveloped world.
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