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Gas prices are high at $3.30 in the Year of 2008, compared the prices in 1979 of gas prices for $1.00. Are Nominal prices or the Real Prices higher today, then in the past? How do you know? show your work. Use the CPI in 1979 of 85 and in 2008 of 218.
The annual operating and maintenance expenses are estimated to be $1,000. If Convington's MARR is 15%, how many years will it take before this machine becomes profitable.
Explain how would you extend the above narrative to businesses, society as a whole or nations.
Speculate about why people in higher income groups vote for reasons that are borne out of a sense of duty rather than from economic interests.
Is the online book retail industry qualified as a perfectly competitive market by the four market characteristics listed in the lecture note? If not, what characteristic(s) is (are) not met? There are so many companies having websites to sell their p..
Discuss this week’s objectives with your team. Your discussion should include the topics you feel comfortable with, any topics you struggled with, and how the weekly topics relate to application in your field.
Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..
What are the positive and negative aspects of budget deficits and surpluses? What policy is best for today’s economy? Explain your answer.
How does the price elasticity of demand for corn oil influence the quantity-demanded of corn oil and the Total Revenue earned by sellers of corn oil? Explain, using economic terms, why this is so.
The U.S. government strongly encouraged unions to be formed in the early 1940s because they held the view that unions would help to
Do you think that there is a “retirement problem” in the US, meaning that individuals and families are not saving enough for retirement? What three original pieces of evidence support your observations and conclusions (journal articles, studies, spec..
Suppose that an increase in crime (O) also results in a per unit amount of social damage equal to d(d>0).
what happened to the overall price level. Explain how might you construct a measure of the change in the price level.
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