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Almost immediately after the new Federal Constitution went into effect, those supporting it split between Thomas Jefferson and Alexander Hamilton. What was Hamilton’s economic program in the 1790s and why did Jefferson oppose it? Did Hamilton get his way and if so, why? How did the two groups differ over foreign affairs?
What are the obligations or debts that a business must pay in cash or in goods and services at some future time because of past transactions or events called and how are they reported?
Suppose that the economy starts at equilibrium and the mpc = 0.8. Illustrate what would be the effect of a $300 increase in taxes once all the rounds of the multiplier process are complete.
A monopolistically competitive firm:
q.assume you are a painter as well as the cost of a gallon of paint increases from 3.00 a gallon to 3.50 a gallon. your
A Monopolist firm sees the following demand, find the marginal Revenue
If your business exports its products OR if imports factors of production...whether recent trends in exchange rates are likely to be good or bad for costs and/or revenues.
A manufacturer of computer chips has a computer hardware company as its largest customer. The computer hardware company requires all of its chips to meet specifications of 1.2 cm. The vice-president of manufacturing, concerned about a possible loss o..
"In the last 5 years the largest source of government revenue has been from individuals and the largest single category of federal government spending has been on individuals." Do you agree? Why or why not? Be sure to provide, where possible, specifi..
In the text, we suggested that for well-off individuals with uniform taxation, preferences for education were not single-peaked. Why might preferences for local parks and urban public transportation systems (e.g., buses and subways) also not be singl..
For the Cobb-Douglas production function in Problem 6.7, in can be shown (using calculus) that. If the Cobb-Douglas exhibits constant returns to scale (a+b=1), show that Both marginal productivities are diminishing.
Prices (fuel, water, grocery items, etc.) tend to rise in response to a natural disaster.
Suppose an automobile manufacturer has a fixed proportions production function that requires it always uses 2 workers and 1 machine to produce 1 car belt. If the wage rate w = $10 and rental rate are r = $15. What is the cost-minimizing combination o..
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