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The manager of Big Oil Company in Mandeville tells investors that at the end of 2006 they had gasoline in inventory worth $457. In 2007, Big Oil produced gasoline worth $462 and sold gasoline worth $307. What was the change in Big Oil inventories in 2007? (Hint: careful with the signs, remember that this number can be positive or negative).
Comput the following with an explanation how you arrived at each result. The Amount Consumers will spend on new consumption.
q1. suppose that there are crowding-out effects and the mpc is .9. by how much must the government increase
I am trying to aggregate demand functions. If the two functions are Q1=150-10P and the second function is Q2=150-5P, what would the aggregate function be?
A Bristish pharmaceutical company spent several years and considerable funds on the development of a treatment for HIV patients. Now,with the protection afforded by patent rights,the company has the potential to reap enormous gains.
assuming economy is in a long run equilibrium, show fraction of total output earned by labour and fraction of total output earned by capital. Explain why, in long run, firms make zero economic profits in this economy.
Supposed objective function is changed to, do you need to re-graph feasible region of this LP. Why. What is solution for new LP. Is it unique.
The result was an increase from $8 to $32 per unit per year. What were the effects of these changes on Belk's economic lot size and relevant costs?
Compute real GDP per person for this nation in 2001, in 2000 euros per person. Round your answer to the nearest euro.
"The problem with economic policy becomes most obvious when attempts are made to tinker with little economic changes, as the tools governments have at their disposal are too crude." This statement is a criticism of
A social scientist claims that the average adult watches less than 26 hours of television per week.
Three main facts indicate that Microsoft enjoys monopoly power. First, Microsoft's share of the market for Intel-compatible PC operating system is extremely large and stable. Second, Microsoft's dominant market share is protected by high barrier to e..
q.suppose you are attempting to buy a used bicycle and you are bargaining with the owner over the sale price. the bike
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