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Explain the difference between nominal GDP and real GDP by constructing a hypothetical three-good two-year economy (Do not use the numbers in lecture notes).
Suppose a report on CNN says that there is an impending recession coming in the United States. As a result, Bert's family, as well as many other like minded.
Characterize each of the following goods as perfectly elastic, relatively elastic, relatively inelastic, or perfectly inelastic.
If the appropriate interest rate is 13 percent, what kind of deal did the player snag?
Zar Island Gas Company is the sole producer of natural gas in the remote island country of Zar. The company's operations are regulated by the State Energy commission. The demand function for gas in Zar has been estimated as: P=1,000 - .2Q where Q is ..
What is the rationale of consumer optimization? How we conceptualize and solve the problem of a representative consumer in Neo-classical model?
What are some possible reasons that the CEO may hold his viewpoint? What should be your response to the CEO? Do you think it is necessary to make an accrual for an estimated amount of the assessment or settlement?
What is the creator's viewpoint on the issue? What details in the resource support the author's claim? Provide evidence from the item to support your response.
The Quiet Blow Company has a small plant that manufactures noise suppressors for leaf blowers. Its annual fixed costs are $30,000, and its variable costs are $10 per unit. It can sell a suppressor for $25.
What is her total income if she accepts the promotion? Should she accept the promotion if she wants to have higher income?
A pulpwood-forming machine was purchased and installed 8 years ago for $45,000. Which are the relevant costs for the old machine
What are the advantages and disadvantages of using prepared, or canned, sales presentation? Give examples of when using a canned presentation might be better than using a less structured presentation.
As you know, the Affordable Care Act expands coverage for low-income US citizens by giving them access to Medicaid. As you also know, not every state has taken advantage of this Medicaid expansion. What economic argument can you make for expanding Me..
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