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The resale value, RV , of a car is a function of age of the car, t. Assume the resale value is expressed as RVt = Pe-0.12t + 0.3
where P is the original price paid for the car. If P = 35000, determine the selling price of the car after 5 years. What is the rate of depreciation of the car after 7 years?
What are the market equilibrium price and quantity demanded for smoodie in the long run? Do firms make economic profit or incur a loss? Explain why. Also, what will be the number of firms producing smoodie in the long run?
Analyze the economic theory used to complete the policy solution and determine the impact on the appropriate stakeholders - Analyze how the economic policy proposed would impact the market or solve the economic problem.
What were the main agricultural developments over the last two centuries?
Describe how each of these activities affects government, households, and businesses. Describe the flow of resources from one entity to another for each activity. Relate at least one current event to the activities.
Assuming neither supply nor demand curves is horizontal, in which of the following cases must price always fall?
for the firm the major goal of profit sharing plans is to?sdfasdfkaldnfkaljdkfaldkldadafdadsfdcasdf
According to the BLS, the CPI rose 3.8% in August of this year compared to a year earlier. Food prices rose 4.6% and clothing prices were up 4.2%, while new car prices rose 3.8%, and medical care was up 3.2%. What percentage change in the CPI up unti..
Compute the elasticities for each independent variable. Note: Write down all of your calculations.
The budget rate, the lowest acceptable dollar per pound exchange rate, was therefore established at $1.5 per British pound. Any exchange rate below would result in SALEM actually losing money on the transaction.
A restaurant industry has a market structure that comes closest to
Briefly explain how and why adding government spending shocks to the baseline Real Business Cycle model helps to improve its empirical performance. How do the results depend on the substitutability between private consumption and government purch..
How can a small special-interest group win, since the benefits flow only to a small group, under a situation of majority voting?
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