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Elizabeth just cannot live the pirate life and keep that drop-dead gorgeous complexion witheut regular spa visits. She can go to the Montego Bay Retreat for a mud facial that lasts seven weeks, costing $91, or visit the crater of Mount Pelee for a lava exfoliation at $250. The exfoliation is good for 31 weeks. Elizabeth has a discount rate of 5% per week. Which spa is best for her?
Although there can be many definitions of socialism, which of the following is the least likely to be part of a definition?
If the price elasticity of demand for a product is -5, and the income elasticity of demand for the product is 2.5. If a 0.5% decrease in product price as accompanied by a 1% decrease in consumer income, the firm's total sales will
Illustrate what is Nurd's equilibrium evel of income. Illustrate what is likely to occur in the coming months if the government takes no action.
If planned aggregate expenditure (PAE) in an economy equals 2,000 + 0.48Y and potential output (Y*) equals 4,000, then this economy.
Describe each alternative`s break even pontin unit. At what volume of output would the two alternative yield the same profit.
A manufacturing firm is trying to decide if it should purchase an automated assembly line. The firm currently has employees completing the assembly portion of its production process. The workers are very efficient; Should the company use the automate..
After reading about the Gold Standard, William Jennings Bryan’s emotional speech, write a summary/essay analyzing what might have happened if William Bryan’s had won the 1896 election in the United States? Most likely, Jennings would have taken the U..
Suppose you manage a rm with two production plants. The marginal product of labor at plant 1 is MP1 = 1400 - L1 where L1 is the number of workers employed in plant 1. The marginal product of labor at plant 2 is MP2 = 2000 - L2 where L2 is the number ..
Explain how does economists distinguish between the absolute and relative sizes of the public debt.
Which is more economical, a plant with a payroll of $400 a week, with $100 of overhead, and with an output of 100 units per week, or a plant with a payroll of $80,000 a week, an overhead of $100,000 a week, and an output of 50,000 units per week? How..
Why does the government have a bad reputation of being inefficient? And if it is inefficient in some areas and not others, does that mean they should privatize the inefficient responsibilities?
If the firm produces 60 units of output, what are profits or losses for this firm? Is the firm maximizing profits producing Q=60? If not, what is the profit maximizing level of output produced? What are maximum profits?
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