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Suppose MPC is 0.8 initially. Households then change their behavior so that the MPC falls to 0.75. What happens to aggregate expenditures? Why?
The basic economic argument for greater income equality is that: an equal distribution of income is the logical outcome of any tax-transfer program. because citizens enjoy political equality, they are also entitled to economic equality.
why do people hold their wealth in the form of money rather than another asset that will provide a rate of return
Suppose XYZ can sell up to 40 units of output per hour at a price of $.60 per unit but cannot even get a penny for units produced in excess of 40 units per hour. How much output should XYZ produce each hour in order to maximize profits?
the u.s. economy has fallen into a recession. it is a severe and deep recession and one that some economic analysts say
Five Companies sell pez candy and differentiate in terms of customer service and flavors
Ageless Corporation has a patent for a new promising age defying moisturizer cream. The yearly demand, marginal revenue, and marginal cost functions for this cream is given:
suppose the poorest 90 percent of citizens actually have an income of $15,000 because each receives $5,000 of unreported income from the underground economy. what is the Gini coefficient now?
statements that best describes the idea of a “consumption vocabulary."People who have a larger vocabulary consume more .
q. consider a production possibilities curve for the u.s. that puts capital goods on the vertical axis and consumer
Distinguish between explicit & implicit costs, giving example of each and what are the explicit & implicit costs of attending college?? Why does the economist classify normal profit as a cost?
write a paper of 1000-1500 words that considers ethical issues in business statistics and discuss how your personal
What is the equilibrium quantity in this market and what is the equilibrium price in this market and what are the resulting output, revenue, cost, and profit of the typical firm?
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