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The national income accounts of Parchment Paradise are kept on parchment. A fire destroyed the national statistics office, and the national income and product accounts are now incomplete. But they contain the following information for 2002: Net domestic product at factor cost was $4,350; consumption expenditure was $3,000; indirect taxes less subsidies was $120; net interest was $300; rental income of persons was $150; investment was $1200; government purchases of goods and services were $1200; proprietor's income were $300; compensation of employees was $3,000; exports were $400; and imports were $700.
You' ve been hired as an economist to reconstruct the missing numbers by calculating for 2002: a. GDP. b. Corporate profits. c. Capital consumption allowance. Can anyone help me with this??
Examining the current market situations of "Starbucks" competition can take many forms. value competition includes collusion, price leadership, loss leaders, price discrimination.
7. Given the Adam Duritz utility function between CD's (C) and hard candy (H) is , a. Sketch Adam's indifference curve for U=5, U=10 and U=20.b. Suppose Adam has $100 to spend and that CDs cost $2.50 and hard candy cost $10. Draw Adam's budget constr..
According to Inter brand Corporation, the Coca-Cola brand name (not the company) is worth $67 billion. At least theoretically, this is what Coke could get for the name if it decided to sell it to someone else.
Opportunity cost is one of the cornerstones of managerial economics and the decision making. First, provide your own explanation of dissimilarity between opportunity and accounting cost, and accounting and economic profits. Then, please provide an ex..
a compare the initial sum of profits of the two individual firms p1 p2 with the profits of the merged firm pa. explain
Consider a small, open, city that represents a small share of the population of the surrounding country. People can freely and costlessly move into and out of the city from the surrounding area. Within the city, all workers commute, by private automo..
What must an entrepreneur do to earn a profit? How do the actions of firms earnings profits influence the value of resources? What happens to the value of resources when losses are present? If a firm making losses goes out of business, is this bad? W..
Evaluate the role and the effectiveness of the Federal Reserve in stabilizing the current economy.
What is the difference between substitutes and complements? Indicate two goods that are substitutes for each other. Indicate two goods that are complements.
Is the federal funds rate currently too high or too low, Suppose that a year has gone by, output is now just 1 percent above potential, and the inflation rate was 1.5 percent over the year. What federal funds rate should the Fed now set (assuming tha..
Cypress River Landscape Supply is a larege wholesale supplier of landscaping materials in Gerogia. Cypress River's sales vary seasonally; sales tend to be higher in the spring months than in other months.
A monopolist is maximizing profit at an output rate of 1,000 units per month. At this output rate, the price that its customers are willing and able to pay is $8 per unit, average total cost is $5 per unit, and marginal cost is $6 per unit. It may..
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