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Indicate two ways in which the framers of the United States Constitution were directly influenced by the thought of John Locke. Indicate one way in which they diverted from, expanded upon, rejected, or otherwise revised Locke's thinking.
If the economy's output is initially above full employment and if prices are rising, which of the following policy combinations could restore full employment and keep the exchange rate at the same level? Contractionary monetary policy and expansionar..
An investment of $1.5 million is made at time zero with annual revenues of $600,000 in year 1, growing at a rate of 15% annually over a seven-year horizon. Annual operating and maintenance costs are estimated at $150,000 per year increasing every yea..
propose to model his tastes in the following way: For any 2 bundles A and B of "grams of cocaine" and "dollars of other consumption.
q1. a consumer must pay 10 per visit to an amusement park for the first five visits but only 5 per visit beyond five
q.address the following questions1. what is the elasticity of the demand for cookbooks bought this way?2. is the
q.consider two countries japan and korea. in 1996 japan experienced relatively slow output growth 1 while korea had
You have initial wealth of $500 and are offered the following gamble. You flip a coin and if you get heads, you win $1000. If you get tails you lose $500. What is the expected value of the gamble?
A piece of equipment that was purchased two years ago for $59,000 was expected to have a useful life of 5 years with a $5,000 salvage value. Since its performance was less than expected, it was upgraded for $20,000 one year ago. Increased demand now ..
Calculate how large A would have to be so that in the new LRCE, the number of firms is twice what it was in the initial equilibrium.
Calculate the four combinations of outputs of corn and rice for these 4 plans.
Suppose that your firm is the only producer of a high-tech sports utility vehicle for North American markets. Assume a constant marginal cost of $25,000 to produce each vehicle and no fixed costs of production.
Assuming that wheat and barley both sell for $1, and income is $20, compute the price elasticity, cross price elasticity and income elasticity for wheat."
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