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A major supplier has donated $45,000 worth of medical supply items to your firm. These items are then used in the treatment of patients. Explain how this transaction would be recorded in your firm's financial statements. Additionally, your hospital has experienced negative levels of net income for the last five years. The total amount of accumulated deficits is $5 million, but you have noticed that unrestricted net assets have increased $2 million during the same period. How might this situation be explained?
Compare the path of economic growth using GDP, GDP growth, and GDP per capita. Compare the evolution of Agriculture and Manufacture as components of GDP.
Using two graphs, show consumer surplus before and after government intervention.
Find out if, for the good marked with ALL CAP lettering, if there is the increase or decrease in demand.
what is the least-cost input-combination of labor and capital and how much output is produced with that set of resources?
Evaulate the price elasticity of demand for subway rides. The subway fare in your town has just been increased from the current level of 50 cents to $1.00 per ride.
What does the market for sugary sodas look like? Provide a supply-demand graph with realistic prices.
This document shows the uses supply and demand model to explain the evolution of the price of gold and silver.
For each of the following transactions, identify whether or not it would be included in GDP: What is Metrica's GNP? Is it higher or lower than its GDP?
Neolithic Revolution
What is the equilibrium? If the government freezes the price of gasoline at its initial equilibrium price, how much of a surplus or shortage will exist when supply is reduced as described above?
The details about three identical firms operating in Cournot competition are given. The demand curve with marginal revenue, profit maximization, optimum quantity, total demand and market price related questions are answered.
"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"
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