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During a given year, the following activities occur:
i. A silver mining company pays its workers $200,000 to mine 75 pounds of silver. The silver is then sold to a jewelry manufacturer for $300,000.
ii. The jewelry manufacturer pays its workers $250,000 to make silver necklaces, which the manufacturer sells directly to consumers for $1,000,000.
a. Using the production-of-final-goods approach, what is GDP in this economy?
b. What is the value added at each stage of production? Using the value-added approach, what is GDP? c. What are the total wages and profits earned? Using the income approach, what is GDP?
Find the pure strategy Nash equilibria for this game. (List the beliefs and actions, not just the final outcomes.) Are these outcomes Pareto efficient? Why or why not?
the general price inflation in our economy, the purchasing power of the dollar shrinks with the passage of time. If the average general inflation rate is expected to be 7% per year for the foreseeable future, how many years will it take for the do..
In solving the problem,when your taxable income lies exactly on the border of the 22% bracket ( so that adding one dollar takes it to the beginning of the net bracket), choose the next bracket i.e. 26% as the marginal rate for your federal tax, t..
advanced analysis given the following diagrams q1 12 bags. q2 7 bags. q3 19 bags. the market equilibrium price point
If the organization does not have a code of ethics, explain why a code should be created and how it could assist them. Analyze the implications and risks of not having a sound code of conduct/ethics.
short-term parkers and all-day parkers with respective demand curves of Ps=3-(Qs/200) and Pc=2-(Qc/200). Here P is the average hourly rate and Q is the number of cars parked at this price. The garage owner is considering charging different prices ..
The price at point a is $70 and the price at point c is $10 per bag. The price at point d is $56 and the price at point e is $31 per bag. The price at point f is $67 and the price at point g is $32 per bag.
Suppose the Bank of Canada wants to implement a policy that would cause the Canadian dollar to depreciate against the British pound. Which of the following money growth rates will achieve this objective.
You have made deposits of $1000 per year in an investment account at the end of each year (beginning at the end of the first year) for ten years. The account earned 6% compounded annually for the first 5 years and 9% compounded annually.
An armada of spaceships that is 1.001y long (in its rest frame) moves with speed O.SOOe relative to a ground station in frame S. How long does the trip take as measured in the messenger's rest frame
Compute the value of the deadweight loss associated with having an unregulated monopoly relative to having a regulated monopoly where a price is permitted that covers ATC.
What are the values of the regression standard error and the R2? Find the standard error for the least-squares slope. Show your work.
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