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You are taking a course in chemistry this semester and the course has three exams that will determine your grade. The first exam counts as 20% of your grade, the second exam counts as 30% of your grade, and the third exam counts as 50% of your grade. Suppose you need a total of 90 weighted points on a 100 point scale in order to get an A in the class. If your first two exam scores are both 80, what score do you need to make on the third exam? Show your work here and how you would approach this problem. It is all right to round to the nearest whole number for your answer-but you must show your work or verbalize your reasoning to get credit for your answer.
Suppose velocity is constant, the growth rate of real GDP is 3% per year, and the growth rate of money is 5% per year. Calculate the long- run rate of inflation according to the quantity theory in each of the following cases:
If consumers had been given more time to adjust to price changes, would you expect the price elasticity of demand to be more inelastic or more elastic? Explain. h. Consider the price elasticity of demand for the category flights on all airlines be..
Suppose that inflation is 2 percent, the federal funds rate is 4 percent, and real GDP is 2 percent above potential GDP. According to the Taylor rule, in what direction and by how much should the Fed change the real federal funds rate?
A manufacturer of microwaves has discovered that male shoppers have little value for microwaves and attribute almost no extra value to an auto-defrost feature. Female shoppers generally value microwaves more than men and attribute greater value t..
When all variables are changing simultaneously, is it correct to conclude that the impact on quantity of one price or income change is a true measure of responsiveness or elasticity? Explain your thought on this.
Explain the relationship between savings and investment as well asthe relationship between private savings and government savings.What are the implications of the current saving behavior ofAmericans on financing domestic investment and on GDP
Why do you think this strategy became less viable in the 1990s What strategy does P&G appear to be moving toward What are the benefits of this strategy What are the potential risks associated with it
Michelle has just offered a job at Mullaney/Hunter Enterprises in the production line. Michelle expects to stay at this firm for at least 40 years, during this time her productivity, V, is given by the first column in the attached table.
A new widget, with a service life of four years, would save $50,000. in production costs each year. Using a 12.00% nominal annual interest rate, determine the highest price that could be justified for the widget, i.e., determine the present valu..
Some apartment buildings hold contests, with monetary prizes, among the residents to see who can grow the prettiest garden. Using the concept of positive externalities, explain why it is worthwhile for the landlord to spend the money on these priz..
At the same time dozens of low price producers started growing plants for sale. The net result was a decline in the average price of houseplants.
"A substantial number of relatively unskilled persons reported that they can't find work. At the same time, there're many unfilled jobs for relatively skilled people. Apparently, the problem is that there're more unskilled peop..
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