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Economics and finance have two different meanings when it comes to total cost. To an economist it means?
GDP less the part of the years output that is needed to replace the capital goods worn out in producing the output; the nations total output available for consumption or additions to the capital stock is known as?
Illustrate what are the three major categories of revenues for the federal government. Please comment on each and indicate their relative importance to each other.
Every year the typical family on Planet Econ consumes ten pizzas, seven pairs of jeans and 20 litres of milk.- Between 2002 and 2003, a typical family's cost of living:
Elucidate from a financial point of view why a firm might want to stay in business in the short run when total revenue is below total costsElucidate from a financial point of view why a firm might want to stay in business in the short run when tota..
Illustrate what value for r is optimal for the seller, and what then is the seller's expected profit.
tom sewell has gathered data on the relative costs of a solar water heater system and a conventional electric water
1. Suppose you can hire your mechanic for up to six hours. The total benefit and total cost functions are B(H) = 654H - 40H2 and C(H) = 110H + 120H2. The corresponding formulas for marginal benefit and marginal cost are MB(H) = 654 - 80H and MC(H) ..
What will happen to the interest rate in part and what will happen to the aggregate demand in part d) if the supply of money is increased. Justify your answer.
If instead local ordinances granted the households the right to be free from the pollution, could an efficient outcome be achieved by voluntary exchanges between the households and the O&Gs Would the households be better off or worse off than if t..
Near new car is expected to earn an economic profit of $20,000 each year for the next years. the discount rate is 10 percent. Assume profits are received at the end of the year.
The unemployment rate is a deceptive indicator of the current and future state of the economy. How does the timing of lay off and hiring decisions made by companies describe the misleading characteristic of this indicator?
What are equilibrium strategies? What is the seller's expected revenue? Is this more or less than he would earn in an ordinary (unconstrained) first-price auction
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