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Firm C produces 1,000 pounds of cotton at a cost of 50 cents per pound. They sell all of the cotton to Firm S for 75 cents per pound. Firm S makes 1,000 t-shirts with the cotton for a total cost of $1.50 per t-shirt. They sell all of the shirts to Firm R for $2.00 each. Firm R sells 950 of the t-shirts to consumers for $10 each and the total cost of producing each shirt is $8 each. There are no other firms in this simple economy. All income in the economy is either profit income or wage income. Do not enter dollar signs, and enter whole numbers only. The value of consumption is $_____ and the value of investment is $ ____ .
Present an argument supporting the position that the ADA has been appropriately interpreted and applied by the courts (in terms of the types of disabilities covered), or that it has not (for example, that it has been overly interpreted and applied to..
Describes three approaches to staffing policy: ethnocentric, polycentric, and geocentric. When is each approach appropriate?
Elucidate the dynamics through which an increase in the stock of money affects real output and the price level in the short run.
Distinguish between liberal economics and conservative economics. Why is macroeconomics an inherently political subject? Summarize the problems that can be created by rapid inflation. How can inflation become self-perpetuating?
Reinstituting a draft of military personnel would lower the military's budget. Would it lower the actual cost to the economy of the military? Is the production of other goods and services forgone by people joining the military? Does a draft change th..
In a capitalistic economy:
If the yield curve did not change (interest rates in the economy did not change at all) and the supply and demand for your bond in the market did not change, would the price of the bond you own still change from one day to another? Why?
In The General Theory of Employment, Interest, and Money, John Maynard Keynes wrote: If the Treasury were to fill old bottles with banknotes, bury them at suitable depths in disused coal mines which are then filled up to the surface with town rubbish..
How does the AS during short run slopes? Draw AS curve in the long run. Explain the slope of the AS curve in the long run. What are the causes for the changes in AS (Shift)? What is Equilibrium in AD and AS. What happens if AD increases above equilib..
How would this change the consumer and producer surplus? Suppose a price floor of $16 was imposed. How would this change the consumer and producer surplus?
Beef has a positive income elasticity in Algeria. What would happen in the Algerian beef market if an economic recovery increased incomes?
Describe the equilibrium price and sales of X. Let PY = $10. Determine whether X and Y are substitutes or complements.
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