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If in an economy a $120 billion increase in consumption spending creates $120 billion of new income in the first round of the multiplier process and $90 billion in the second round, the multiplier and the marginal propensity to consume will be respectively: a. 5.00 and 0.80; b. 4.00 and 0.75; c. 3.33 and 0.70; d. 2.50 and 0.40. Please show me how this is figured out too.
The definition of a price maker is a firm with some power to set the price because the demand curve for its output slopes downward which in effect means those firms with a downward sloping demand curve have some market power.
What price and quantity will result once the copyright expires and competition emerges in this market. Elucidate your answer.
I hereby offer you $5,001 if both you and my other creditor agree to cancel my debt. If either or both of you decline this offer, I will be legally in default and you will receive $5,000." So, what happens.
Listing different orderings and coalitions is not going to work for this problem because there are too many possibilities, excluding you can use different tools which we have discussed in class.
A company's cash sales for the month are $200,000 and its accounts receivable payments for the month are $100,000. What is its total incoming cash flow.
the set of efficient trades these individuals would rationally make. One of the points on the set of efficient trades you illustrated in your diagram will be a competitive equilibrium.
Illustrate what way are entrepreneurs also businesses at the helm of the economy but commanded by consumers.
Compare and contrast the Nielsen rating or a given episode on a TV series with the comments posted about the same show on TOP.
What does an increase in fixed costs due to the average cost curve of small firms.
Illustrate what is the present macroeconomic situation (e.g. worrying about inflation also/or recession) in the U.S.
Illustrate want the government to impose a price ceiling on pump gas.
Assume which, in the efficiency wage model, it becomes more difficult for the ?rm to distinguish high-ability workers from low-ability workers in the labor market.
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