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An economy starts off with a per capita GDP of $5000. How large will the per capita GDP be if it grows at an annual rate of 2% for 20 years? 2% for 40 years? 4% for 40 years? 6% for 40 years?
Explain how would you show this with a simple supply and demand diagram. If this firm was monopolistically competitive with a "u-shaped" cost structure, how would you show the results of this firm's attempt to increase its profits.
What are the advantages and disadvantages of regression models in comparison to using a computerized regression routine.
The Marginal Rate of Product Substitution (MRPS) is the rate that one output must be decreased as production of the other output is increased. The most common form of MRPS is?
Find the equilibrium price and quantity. If the current price of the good is $100, what is the quantity demanded? What is the quantity supplied? How would you describe this situation? Equilibrium? Shortage? Or Surplus? What would you expect to happen..
How much the quantity of a good traded changes after a shift of the supply curve depends on the size of the shift.
Remaining group did not have jobs, except all said they would like one. 5 of this group had not looked actively for work for 3 months.
Has the United States become more or less economically free during the past decade? What impact will this have on the future economic growth of the United States.
The N.M. Corporation has exactly the same costs of production as last year except for fixed cost, which are $50,000 this year compared to $30,000 last year. Which of the following statements is false?
Calculate the point elasticity of the firm's total sales revenue with respect to the amount of labor used when q = 2.
In what way (or ways) is the current Knowledge Revolution a child of the Industrial Revolution? Is this a new revolution or simply an extension of the 18th-century revolution? Given the history, is it perhaps more appropriate to call the current revo..
who operates the industry as a monopoly and seeks to maximize profits from the sale of computers. Elucidate which of the following is a likely consequence of the monopolization of the industry.
q1. if argentina wanted to pay off their u.s. dollar debt after the peso devalued how many argentine pesos would it
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