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Q1. From 1947 to 1997 the CPI in US raised to 637% therefore inflation rose 637%. Use this fact to adjust each of the following 1947 prices for the effects of inflation. Explain which items cost less in 1997 than in 1947 after adjusting for inflation? Which items cost more?
Q2. Recognize an incentive conflict in your firm, or one you have read about, that reduced firm value. As part of your answer converse whether or not one or more of the legs of the organizational stool was unbalanced, and if so, explain how that contributed to the conflict.
Calculate the four combinations of outputs of corn and rice for these 4 plans.
You can suppose any single peaked preference which you want and Characterize the equilibria of the model.
What can be said about the estimated slope coefficient for a regression of Y on X, versus the estimated slope coefficient for a regression of X on Y.
Explain what occurs when a new technology makes another one obsolete in terms of economic profit?
A farmer has a production function f(L) where the input is capital (L). The cost of this loan is L(1+i). The farmer also has an outside option (loan from family member) which generates a profit of A.
Discuss the Social Security System, current status and future outlook. Be thorough and focus on the economic considerations. Cite at least 6 sources.
When you purchase and eat a hamburger, no one else can eat the same hamburger. When you download a file on the Internet, the file is still available.
The GDP is a total market value of final goods and services produced within a country over time. Why is this a reflection of this country's cost of living so varied making expenditures.
Relative to Tom, does Dick require more bananas, less bananas, or the same number of bananas to give away an apple.
If your employees are self-interested, how much output would you expect each individual worker to produce absent monitoring.
Numerous times in the lectures labelling the vertical axis as euro per $ and the initial supply and demand curves labelled with 12/07, Label this initial point as point A.
Use indifference curves to distinguish between income and substitution effects, using the above techniques explain why the demand curve slope downwards, What are the main criteria for designing a tax system, To what extent do you think the national..
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