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Q. Suppose that the MPC = 0.8 and that $14 trillion of real GDP is currently being demanded. The government wants to increase real GDP demanded to $15 trillion at the given price level. By how much would it have to increase government spending to achieve this goal?
What is the opportunity cost of Josephine's trip to the wedding
Suppose that in the 1990's, the average retail price of a roll of Kodak film was $6.95 and that Kodak's marginal cost was $3.475 per roll. Based on this information, discuss industry concentration.
Explain the role culture may play in influencing entrepreneurship both at the individual and social level. Define culture in your response.
It comes to global expansion and setting up affiliates aboard, how is a service company's focus different from that of a manufacturing company
How many popsicles will be sold/supplied each day in the short run if the price rises to $4 each per day
Depict the von Neumann-Morgenstern utility index u in a diagram
Can you find a Nash equilibrium in pure strategies that is not efficient. Find the sub game perfect equilibrium as a function.
Determine the cost to the government of buying firms unsold units
Challenge of any merger that raises the HHI by 100+ points in a market where the HHI is above 1800 before the merger.
Profits associated with polluting for Friedman Inc. are π = 40Q - 2Q2, where Q = pollution emitted (in tons), and profits are measured in dollars.
Assume an endogenous growth model with labour augmenting technology.
Distinguish between the resources market and the product market in the circular flow model.
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