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Why might the economic value of the inventories differ from the value recorded on the balance sheet of Brinker International?
What was disposable income (DI) for 2009? What does disposable income consist of? How did DI change from 2008? What caused these changes? 4. Does GDP measure the well-being of society? Why or why not? 5. What was GDP in 2008 (sometimes called GSP) ..
Use annual cash flow analysis with an 8-year analysis period and a 5% interest rate to determine which alternative should be selected if their annual operating costs are the same:
Determine how the following affects the slope of the output demand curve, and explain your results: The marginal propensity to consume increases. The intertemporal substitution effect of the real interest rate on current consumption increases.
What are the major assumptions of the monocentric city model? What are its major predictions? Which of the assumptions do you find most doubtful? Discuss what implications, if any, the failure of these assumptions has on the predictions of the model.
Consider a market with a demand curve of P=10-Q and a supply curve of P=Q. Before the imposition of a tax, equilibrium quantity is 5, and equilibrium price is $5 (verify this). If a tax of $5 per unit is placed on this market, quantity traded falls t..
What single sum of money at t=4 is equivalent to receiving $5,000 at t=1, $6,000 at t=2, $7,000 at t=3, and $8,000 at t=4 is money is compounded at a rate of 8% per time period?
The first level of negotiation has happened and has concluded with you submitting a proposal consisting the following key points: What is your strategy as the university’s representative? What strategy do you think your counterparts will use?
Consider two markets. The initial equilibrium for both markets is the same, P = $6.50, and Q = 41.0. When the price is $6.75, the quantity supplied of motorcycles is 53.0 and the quantity supplied of pancakes is 111.00. Using the midpoint formula, ca..
In general, illustrate what happens to the level of consumer surplus as the price of a good falls.
Suppose the economy produces only two goods: consumer goods and capital goods (K). Also suppose the economy is operating at full employment. Finally, suppose consumer goods are subject to legal price controls (price ceiling). Use a PPF to show the ec..
In 2014, the Memorial Nobel Prize in Economics went to Jean Tirole. Research Tirole's work and address the following issues in essay form: What was the winner's contribution to managerial economics? What current industries and price making-power issu..
Assume that the job separation rate s is 0.01 (1%) per month and that the job finding rate f is 0.2 (20%) per month. Assume that the labor force today (period t = 0) is 100 million. What is the steady state unemployment rate for this economy?
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