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2.7 A political commentator argues: "Congress and the president are more likely to enact an expansionary fiscal policy than a contractionary fiscal policy because expansionary policies are popular and contractionary policies are unpopular." Briefly explain whether you agree.
Use a computer regression package or Excel to work this computer exercise. Palm Products Company has collected data on its average variable costs of production for the past 12 months.
Under patent protection, a firm has a monopoly in the production of a high-tech component. Market demand is estimated to be: P = 100 - 0.2Q. The firm's economic costs are given by: AC = MC = $60 per component.
The argument is to be supported by reputable research, which may include academic journal publications, books, government agency reports, and other relevant studies. Your essay must consider other points of view in developing toward a conclusion
suppose the marginal benefit of writing a contract is 100 independent of its length. find the optimal contract length
You are considering dividing an investment portfolio between a risk-free investment with a return equal to 5% and a risky investment with a mean return of 12% and a variance σ2=30. Your coefficient of risk aversion is 0.4
Suppose there are 2 countries, Home and Foreign, two factors of production, capital and labor and two products, food and cloth. Home has 100 units of labor and 200 units of capital, while Foreign has 300 units of labor and 150 units of capital. \(..
The accountant would measure revenue-explicit cost= profit The economist would measure revenue- explicit and implicit cost=profit 200-100=100 profit YES for accountant profit 200-300=-100 deficit NO for economic profit Is this all right.
MGM is trying to decide how to price the re-release of the "Terminator" and "Honey I Shrunk the Kids." The following table identifies the willingness to pay for the movies by three theatres. The marginal cost of providing either movie is $5.
Cinema Theater has estimated the following demand functions for its movies: Daytime demand, QD = 400 - 50 PD Nighttime demand, QN = 200 - 20 PN The marginal cost of serving another customer is $5 and its fixed costs are $100.
Which civilization had the most fortifications?
The football coach at Midwestern university was given a 5 year employment contract that paid $225,000 the first year, and increased 8% uniform rate in each subsequent year. At the end of the first year the alumni demanded that he be fired.
Suppose a competitive firm can sell its output for $9 per unit. The following table gives the firm's short run production function. Labor Output 0 0 1 8 2 20 3 35 4 44 5 51 6 54 In the table below, you will determine several points on the firm's d..
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