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From the Bureau of Labor Statistics Web page (www.bls,gov/cpi) , find the answers to the following questions:
a. How is the CPI used?
b. How is the CPI market basket determined?
c. What goods and services does the CPI cover?
d. How are CPI prices collected and reviewed?
Illustrate what are the production elasticities of demand for labor, capital (trucks) and energy. What type of returns to scale is consistent with the above production function.
A company yearly sells 7,890 units. The cost of placing an order is $100 and the carrying costs are $2 a unit. What is the EOQ, the duration of the EOQ,
Write a 400- to 700-word memo to the economic adviser. Describe the change in tax revenues for the government in the new equilibrium, in both the short and longer terms.
Kermit is considering purchasing a new computer system. The purchase price is $100,000. Kermit will borrow one-fourth of the purchase price from a bank at 10 percent per year compounded annually. The loan is to be repaid using equal annual payment..
Illustrate what are some advantages of a unionized organization. What are some disadvantages.
Suppose, instead of a constant velocity money demand function, the velocity of money in this economy was growing steadily because of financial innovation. How would that affect the inflation rate Explain
Determine the prime rate, the discount rate, and the federal funds rate and who controls these rates? What would you expect to happen in the general economy if these rates are all increased or Decreased?
Computer the amount of manufacturing overhead incurred for the month. Suppose all costs are actual. Using actual costing, compute the cost of one unit.
Discuss how the economic crisis of 2008 impacted the findings in the 2009 Crime Report. Given the significant increase in mortgage fraud, discuss ways this can be deterred in the future.What financial areas do you will think will emerge with signif..
Discuss the appropriate monetary policy that the central bank should be operating, given the above situation.
A colleague tells you that he can get a business loan from the bank, but the rates seem very high for what your colleague considers a low risk loan. a. Give an adverse selection explanation for this, and offer advice to your friend on how to solve ..
The marketplace is saturated with modems, and your sales department has been able to identify only one potential buyer of your modems.
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