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Company X sells 12,000 widgets in 2010 and 12,600 widgets in 2011.
(a) Calculate the quantity relative for widgets for Company A for 2011 with 2010 as the base year.
Company Y also sells widgets. Company Y sells widgets at £3.60 in 2010 and at £4.14 in 2011.
(b) Calculate the price relative for widgets for Company Y for 2011 with 2010 as the base year.
Women have increased the amount of education they have achieved relative to men, and average years of schooling completed are now approximately the same for males and females. Human capital theory predicts that this would close the male-female ear..
Elucidate what can you infer from this data about labor productivity growth in the US economy during the period.
How would you develop a methodology for Hardee to price its existing services? Its evolving services? Would you use the same or different strategies for each?
Suppose that the city government in Madison sets an effective price ceiling on apartment rental prices. What can be said regarding the effect of this price ceiling on the apartment rental market - what can be said about the new production bundle?
After World War II, the United States experienced a "baby boom" as birthrates rose dramatically between 1946-1964. Lower birthrates after 1965 mean that the now aging baby boom generation is larger than the generations before and after it. What effec..
Some businesses and industries are controlled by the government; government provides many health and welfare benefits, found in both limited and unlimited governments. This is referred to as?
Illustrate what appears to be the major constraint that the central banks used to determine the limits of the monetary injections into the economy.
Write down the effect on the real wage and hours worked in the short run.
Your firm operates three plants. The cost functions vary across the three plants. Plant A: Marginal Cost = 6Q Average Variable Cost = 3Q Average Fixed Cost =1000/Q Plant B: How much output should be produced at each plant?
Mad Max's Road Warriors fix potholes in interstate highways. Max's road crews fill potholes using workers and shovels in 1-to-1 correspondence. A worker with 1 shovel can fill 10 potholes in a day. A worker with 2 shovels can still only fill 10 potho..
A recent news story reported that OPEC is expected to decrease the supply of oil next summer. Summer is traditionally a time of increased demand for oil because of the many families driving and flying to vacation sites
Describe and analyse any general relationship you see between the three variables in each of the countries. Is the relationship similar in each of the countries?
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