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An article in the Chicago Tribune stated that in 2007, college costs rose faster than inflation and student aid. A report by the College Board found that average in-state tuition and fees at four-year public universities rose 6.6% to $6,185. Fees for private institutions rose 6.3% to $23,712. The published inflation rate for the year was 2.6%.
a. What would the costs for public colleges have been, if they had increased only by the inflation rate of 2.6% instead of the actual 6.6% increase?
b. What was the dollar increase in costs above the inflation rate cost?
Suppose that the position of a nation’s long-run aggregate supply curve has not changed, but its long-run equilibrium price level has increased. Which of the following factors might account for this event?
What are the effects of increasing in government spending both mandatory and discretionary spending on US economy forecast ot grow by 1.5%
There is a duopoly of beer producers, Biller and Moors, who produce identical hoppy ales, and each have marginal costs of $100 per keg. Assume there are no fixed costs. What are the best response curves in Cournot Oligopoly for these two producers? W..
Compute the equilibrium quantity and price and Calculate the consumer and producer surplus.
Determine how much a car owner would be willing to invest to achieve the new energy efficiency standards of 54.5 mpg. Assume that gasoline sells for $2.50/gallon and the owner expects to receive a 5% return on their investment. The owner travels 15,0..
Explain why Kant was a "deontological ethicist" and his problems with the difficulty of teleological or consequential ethics, explaining in depth and in detail: Kant's Categorical Imperative giving focus to Kant's intention with the term "Categorical..
Determine the capitalized cost of $1,000,000 at time 0, $125,000 in years 1 through 10, and $200,000 per year from year 11 on. Use an interest rate of 10% per year. Show the standard notation, interest factor formula and solution
If there was a capital gain tax of 30 percent, what is the after-tax real interest rate, with the inflation rate of 8 percent.
"Mercantalism recommends that a country should limit its exports, so that more of the otherwise-exportable products are instead available for local consumption." Do you agree or disagree with this characterization of mercantilism's message? Explain.
Also identify and discuss the flows that are created when Government enters the circular flow.
What is the difference between financial investments and accounting investments? You also need to provide an example of each for both individuals and corporations.
q1. explain why each of the following statements is true false or uncertain according to economic principles.suppose
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