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In calculating the GDP national income accountants: A) treat inventory changes as an adjustment to personal consumption expenditures. B) ignore inventories because they do not represent final goods. C) subtract increases in inventories or add decreases in inventories. D) add increases in inventories or subtract decreases in inventories.
In the context of a supply demand diagram of low skill labour market, a minimum wage above competitive equilibrium will decrease employment relative to competitive equilibrium.
Explain are there any present events in the news that you can directly link to concepts or theories covered so far.
Describe how marginal utility and the selling price of a goods/services determine: 1) Which goods and services are purchased first and 2) What quantities of a good or service are purchased. Explain fully.
The cash price of a machine tool is $3500. Thedealer is willing to accept a $1200 down payment and 24end-of-month payment of $110 each.
Illustrate what affect might our concern for the baby boomers reaching retirement age, and the smallest number.
What allows companies to distribute the same prescirption drugfor two different prices? Why dont competitiors undercut theirprice in the Western countries (i.e. United States)?
The deadweight loss that is associated with a monopolisticallycompetitive market is a result ofa.price falling short of marginal cost in order to increasemarket shareb.price exceeding marginal cost.c.the firm operating in a regulated industry.d.exces..
Compute the marginal cost and marginal revenue of each unit of output and enter these figures in the table.
Find out optimal consumption level of video games and burritos that maximizes total utility.
Now, assume the ECB also employs comparably aggressive policy. Copy your results from the left graph and show on the right graph how the ECB could affect the USD/EUR exchange rate.
there is an investment opportunity that you would like to analyze. the opportunity requires that you pay 20000 today
Suppose that when the price of coffee increases by 40%, the percentage change in quantity demanded by consumer is reduced by 10%. Calculate the elasticity.
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