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Describe the economy of your state. What is the most recently reported unemployment rate? How has the number of payroll jobs changed over the last 3 months and over the last year? How does your state’s performance compare to the U.S economy’s performance over the last year? What explanations have been offered in the press? How accurate are they?
Consider an economy characterized by the following: C = $3.5 trillion I = $1.8 trillion G = $2 trillion T = $2 trillion NX = -$1 trillion mpc = .75 d = 10 x=5 λ=1 r = .01 f =.01 A. Derive mathematical expressions (based on the given parameter values)..
Delta Dawn’s Bakery is considering purchasing a new van to deliver bread. The van will cost $18,500. Two-thirds ($12,333) of this cost will be borrowed. The loan is to be repaid with four equal annual payments (first payment at t = 1) based on an int..
Discuss an event in your home city or state that brings new economic activity. It might be a major construction project, or major sporting event that occurs infrequently and brings a large number of people to your local area. Describe who benefits fr..
How does a natural monopoly become regulated? What is the way that the pricing should take place for the monopoly? How much profit should be allowed to be made?
Isabel's preferences for consumption C and leisure L can be expressed as U(C, L) = (C – 120) x (L – 90), implying that her marginal utility of leisure is (C – 120) and her marginal utility of consumption is (L – 90). What is her marginal rate of subs..
Trilemma refers to policy conflicts among:
During one year in the late 1990s, the Cornell Medical College received acceptances of offers of admissions from 20 more students than it could accommodate in its first year class. What factors should have influenced students’ thoughts about whether ..
A competitive firm’s cost of production is C(Q) = Q^3-20Q^2+125Q. The firm’s problem is to choose the value of Q> or = 0 that maximizes its profit.
Shareholders are special because they provide capital. But, debt holders, including banks and bondholders, clearly also provide capital. Moreover, employees provide human capital, while suppliers and vendors provide raw inputs, often with generous cr..
If one is preparing a contingent valuation study, what are the sources of bias that one migh encounter? If an unemployed person were hired to work on a public project. An accountant would include all his wages in an estimate of the project’s cost to ..
Builders of a hybrid car declared it would build a car that would get 180 miles per gallon of unleaded gas. They figured it would cost $40,000 each car to build.
Canada is a party to the Trans-Pacific Partnership (TPP) deal reached on October 5, 2015. The TPP is a free trade agreement between Australia, Brunei, Chile, Canada, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States, Vietnam an..
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