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During the previous month, a firm produced 250 tablet devices at an average variable cost of $40 and at an average fixed cost of $10. What were the firm's total costs during the month?
Suppose the government decides to increase taxes by $30 billion in order to increase Social Security benefits by the same amount. How will this combined tax-transfer policy affect aggregate demand at current prices
question 1who wants to play the mahoney lottery? tickets cost 5 to play and you get to pick a number between 1 and 20.
An acceptance will create a contract. At common law, the acceptance had to be identical (mirror image) to the offer. A response that was not identical would amount to a counter-offer and cancel out the offer. Modernly, this is no longer the case. If ..
a. state and explain the law of diminishing marginal utility and do the same for the law of diminishing returns.b.
Compute the elasticities for each independent variable and determine the implications for each of the computed elasticities for the business in terms of short-term and long-term pricing strategies. Provide a rationale in which you cite your results
Presume you are interested in using time series data to estimate the following population model: yt = β0 + β1xt + β2xt-1 + β3xt-2 + β4zt-1 + ut a. Based on this population model, how much would you expect y to change among period 0 and period 4 ..
As the economy slipped into recession in 1980 and 1981, the Fed was under enormous pressure to adopt an expansionary monetary policy. Suppose it had begun an expansionary policy early in 1981. What does the text's analysis of the inflation-unemplo..
What must be true of the labor market demand of industries in order for labor market economies to occur? Explain why the clustering of firms facilitates the shift of workers from unsuccessful to successful firms.
1. in the article below michigan is offering financial incentives to improve health. using economic models demonstrate
Supposing a products is produced both in the US and abroad what would be the effects of the US import quota on the good? Discuss some of the attributes of the new economy.
Why do producers have more interest in government regulations than consumers do? Contrast and Compare the public-interest and special-interest theories of economic regulation. What is the “capture theory” of regulation?
your boss has chosen you to give a presentation to a number of foreign officials regarding the united states federal
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