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Dave’s Dogs is a firm that originally sold hotdogs and soft drinks from a cart located in front of City Hall. Then Dave purchased another hotdog cart and hired someone to sell hotdogs and soft drinks near the high school. Both locations have been successful. When Dave’s Dogs expanded to two locations, which of the following did NOT occur?
A) Dave's production function changed.
B) Production increased.
C) The company increased the inputs it employs.
D) The firm employed additional capital.
Suppose that GDP is equal to 1000, national saving is equal to 200, the current account deficit is equal to 100, and the government budget deficit is equal to 50. Investment must equal...?
Suppose there is an increase in the price of steel. We would expect the supply curve for steel beams to:
Suppose a household's annual take-home pay in 1951 was $8,320. Elucidate what would be an equivalent home pay in 1982.
Select a scene from your childhood that brings back happy memories. This might be the bedroom where you grew up, a park, a meadow or field, a vacation spot your family visited, a classroom, etc. Create two paragraphs presenting this setting to your r..
Name a specific event to be expected to cause the equilibrium price of ice cream to increase.
Illustrate what happens to aggregate output and the price level in each case.
Describe how, if at all, each of the following developments affects the AD and/or IA curves: Suppose that there is a technological disaster that makes workers less productive than before. Assume that initially output is at its natural rate. Suppose ..
Easy Lawn Care Incorporated has a beta (a measure of common stock volatility) of 1.32, what is its estimated cost of equity capital based on the CAPM when the risk-free interest rate is 2%?
the quantity demanded of Cake is 100 slices and the quantity demanded of cheese bread is 100 pieces.
Smart Phone Market The smart phone market has been dominated by Apple, but recently the Droid has been able to leverage Google’s information services into market gains while Blackberry, known for its secure business oriented network, has attempted to..
The government is allowing for emergency procedures to aid suffering chocolate addicts.
"The Coase Theorem" Prepare a 2-3 page paper using APA format discussing how the Coase Theorem provides an alternative to government regulation and provision of services. How is the definition of private property a critical part of this analysis?
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