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When calculating GDP, describe the significance of each component in the expenditure approach? How does GNP differ from GDP? Is GDP a reliable economic indicator to predict the changes in the business cycle?
A profit maximizing firm produces three products X, Y and Z. The firm has no costs. There are three customers 1, 2 and 3. What will be the price of each product if the firm decides to sell them separately?
Elucidate what happened in the simulation as you increased and lowered spending and income tax rates
Explain how might we interpret this statement in terms of cost curves and revenue curves.
Find the probability limits of W1 and W2. State whether these estimators are consistent or inconsistent. Find Var(W1) and Var(W2). Argue that W1 is a better estimator than Y if ? is "close" to zero for any value of n. (Hint: Compare the Mean Square ..
The impact of changing from a federal income tax to a federal consumption tax would be:
Illustrate what the pricing and non pricing strategies that firms rely on to compete in monopolistic competition and oligopoly market models.
According to the quantity theory of money, what is the effect of increase in quantity of money?
Based on current dividend yields and expected capital gains, expected rates of return on portfolios A and B are 11 percent and 14%, respectively. The beta of A is 0.8, while that of B is 1.5.
Genetically Modified Organisms have been hailed as the possible solution to famine. Are there any risks with GMOs If so, what are they What is the record of success of GMOs in terms of drought resistance, pest resistance, increased yields
Assume you are the general manager of a concrete mixing and delivery facility located in Texas. Your company purchases the raw materials for concrete, mixes the concrete according to customer specifications,
At the end of 1987, you bought a piece of land for $35,000. In addition to the $35,000, you paid $1,700 in closing costs (costs associated with the purchase and title registration). For the years 1988 through 2002, you paid, on average, $950 in pr..
Research the elasticity of beef and eggs in regards to price changes. Explain how do supply, demand, and price controls interact to affect equilibrium price of eggs
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