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Why do economic include only final good and services in measuring GDP for a particle year! Why don't they include the value of the stock and bonds bought and sold! Why don't they include the value of the used furniture bought and sold?
A monopoly producing a chip at a marginal cost of $6 per unit faces a demand elasticity of ?2.5. Which price should it charge to optimize its profits?
Elucidate how a profit from selling the drug. This is, in part, due to the fact to the company spent $1.2 billion developing the drug also obtaining FDA approval.
Listed below are the weekly sales from the household department at a local discount store: $35,000, $46,000, $28,000, $35,000, $68,000, and $52,000. Find the Arithmetic Mean, Median, and Mode.
Propose at least three methods that governments should employ to reduce their exposure to asymmetric information problems when attempting to identify entrepreneurial projects supported by public funds
The entire principal of the borrowed amount of $10,000 will be repaid in 2 years. However, the quarterly interest of $330 must be paid every 3 months. Find the nominal annual interest rate (always, rate/yr) that you are paying.
What nominal rate per month is equivalent to an effective rate of 3.8% per quarter, compounded continously?
The structural engineering design section within the engineering department of a regional electrical utility corporation has developed numerous standard designs
What is the price of an hour of leisure? An hour of nonmarket work? What does it mean to say that leisure is a normal good? Why doesn't the market supply curve for labor bend backward?
calves and burying them in mass graves rather than transporting them to markets. Elucidate what economic factors may influence such behavior.
Calculate the percentage growth rate in real GNP per capita in each of the years 1996 through 2002 from the previous year, using the definition of growth rate.
suppose a student athlete has the opportunity to earn $800,000 next year playing basketball, $700,000 next year playing basketball or $0 going to college. what is the opportunity cost of going back to college
Which of the five characteristics listed in the text for human service professionals do you think is most important? Explain why.
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