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Explain which of the following transactions would be directly counted in 2013 's GDP. In each case, explain whether the action causes an increase in Consumption, Investment, Govt. Purchases or Net Export.If the transaction is not included in 2013's GDP, explain why not.
(a) You purchase $5000 worth of Google's stock.
(b) A record company produces 500, 000CDs of a new artist. Only 100,000 are sold at the price of $15.00.
(c) You purchase a 2007 Lexus for 25,000 and then purchase a set of special tires for $1600.
(d) You fix your friend's car saving him $300.00 and in return,he paints your house saving you $400.00
IQ scores are normally distributed and assume that the average IQ for all Economics majors is 108 with a standard deviation of 11. what percentage of Economics majors would have an IQ of more than 118.
Determine how supply and demand can affect the prices of these homes. In a PowerPoint presentation, submit data findings that include economic factors within that area that may influence your decision, or factors that have prohibited an area to be..
1. negotiations and binding contracts are not possible between rivals ina noncooperative gamesb cooperative gamesc
Compare the impact on pre-recorded music compact disks and the cabinet maker''s work of an economic expansion that increases consumer incomes by 20 per cent.
Discuss why is increasing per capital income necessary but not sufficient for broadly dipping poverty and improving human welfare?
This is a challenging question and involves algebraically solving system of two equations given by AD abd AS curves. The equations for the curves are given through the following:
Which piece of information is more important in the utility maximization process: marginal utility per unit of the good or marginal utility per dollar? WHY?
Why have the prices of pocket calculators of DVD players fallen? What do you think has happened to the costs and economic profits of the firms that make these products?
At a price of $24, should a perfectly competitive firm operate or shut down in a the short run if its TC is given as:
Firms can shift their marginal cost curves to the right, resulting in higher outputs at the same or lower maximum-profit prices. This can be done by
You are the manager of a perfectly competitive firm selling a product. Your business is making a loss because total revenue is less than total costs. What would you do--shut down or continue to operate.
describe why marginal analysis must be used in decision making with examples. Also, give examples of poor decision-making when sunk costs were used to justify choices, and discuss how legal and ethical issues may play a role in making decisions.
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