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if a business owner makes 50 items by hand in six hours she could have earn $10 an hour working for someone else if each item sells for five dollars and the explicit cost total is $14 accounting profit for 50 items is
The normal way of filing taxes is to put in a very low number, which starts a protracted series of negotiations, eventually ending up with a higher number being paid. This new bank did not follow this and the Italian authorities assumed it was stated..
Historical data indicates that only 20% of cable customers are willing to switch companies. If a binomial process is assumed, then is a sample of 20 cable customers, what is the probability that exactly 2 customers would be willing to switch their ca..
Assume that the returns of these stocks are independent of each other. Find the mean and standard deviation of the total amount that this investor earns in one year from these four investments.
What is the difference(s), if any, between the unemployment rate and the natural rate of unemployment? Discuss.
The consumption function is C = 0.75Y where the marginal propensity to consume MPC equals .75 (out of an additional $1 in national income 75 cents is consumed). The government increases its purchases by $100 million, and investment and net exports do..
Suppose the costs of an environmental pollution-control program are expected to be equal to $1000 per year, and that benefits will be $600 for 20 years, then $2500 thereafter. What would be the net benefits of this program if the discount rate is 1%,..
Explain the impact the law of diminishing marginal returns has on both marginal cost and average total cost - with the aid of a diagram explain the long run average cost curve and the influences upon it.
Each of the following statements is related to the AD-AS model. Using the labels below, decide whether each statement refers to the aggregate demand curve, the short-run aggregate supply curve, or both. Represents a change in consumer response as ove..
The Fall of Rome has been attributed to all of the following except
As consumers we loke competition because it lowers prices and increases supply. Many products and services we use started out with limited choices and high prices. Then for various reasons more competitors entered the market and our choices increased..
Explain the case of permits system/tradable permits as compared to Pigovian tax (tax and standards) in creating market based property rights to addressed externality. State your assumptions and highlight the basic structure of each case with special ..
You put $20,000 on deposit on your 30th birthday at 5% compounded annually. On your 40th birthday, the account begins earning 6%. Then on your 50th birthday, it begins earning 7%. You plan to withdraw equal annual amounts on your 61st, 62nd, . . . , ..
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