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The owner-manager of Good Guys Enterprises obtains utility from income (profit) and from having the firms behave in a socially conscious manner, such as making charitable contributions or civic expenditures (MU). Can you set up the problem and derive the optimization conditions if the owner-manager wishes to obtain a specific level of utility at the lowest possible cost? Do these conditions differ from the utility-maximizing conditions?
a powerful leading indicator of overall future economic activity. Elucidate why is it a more meaningful indictor than housing starts.
During the oil crisis in the 1970s, long lines at gas stations disappeared soon after price controls were removed and gas prices were permitted to rise. Should this even be interpreted as evidence that the oil companies have monopoly power Why or ..
You have been hired by the Department of An Taoiseach to comment and critique a sustainable growth plan being considered by parliament.
Explain why do economists believe that the CPI overstates the rate of inflation
Supposed that it costs $400,000 to build the new store and assume that the new store will generate revenues of $450,000. what is the rate of return on this investment.
Assuming the phone company has to charge the same monthly rental fee and unit price to all its customers, at what level should it set these charges?
The sum of the frictional and structural unemployment rates is thought of as the find a job because his or her job skills have become obsolete is an example of frictional unemployment
Use the following information for a company's output at various levels of employment (L) to compute:
Poverty among the elderly fell dramatically between 1959 and 1974 and has continued to decline. However, poverty among that portion of the US population that is less than 18 years old is no lower today than in the 1970s.
The vice-president for finance decided to invest $2,000,000 in a 2-month investment that pays 11.5% simple interest. how much interest will the college earn on the investment.
Elucidate what impact will an unanticipated increase in the money supply have on the real interest rate, real output, and employment in the short run.
Discuss, relating in part whether such highways are public goods and whether or not privatization should work.
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