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A salesperson can put in regular effort (resulting in a 40% chance of sale) or high effort (60% chance of sale). If high effort costs the salesperson $20 more than regular effort, how large of a per-sale bonus is needed to encourage high effort?
Using the Keynesian cross model, draw a graph to illustrate and explain what will happen in an economy when planned aggregate expenditures are greater than real GDP (i.e., A.E. > Y). How is equilibrium achieved in this economy
Write down the difference between Equilibrium price and Equilibrium quantity. What role does elasticity place?
Plain Paper Co. is a paper manufacturer and retailer in a perfectly competitive market. Initially, Plain Paper Co. is a large firm operating at a profit. Draw the initial operating condition for Plain Paper Co. Label the area of profit, draw and mark..
The small town of Middling experiences a sudden doubling of the birth rate. After three years, the birth rate returns to normal.
consider an economy in which the consumption function takes the following simple algebraic form c 3000.75di and in
What does this imply about efficient trade?
"GDP and GNP"
who gains and who loses from a tariff? how do the effects of tariffs differ from the effects of quotas? if you were a
health care systems around the world provide different levels and types of care and are paid for in dramatically
Discuss and explain the income and consumption relationship make sure to describe marginal propensity to consume. If you received an extra dollar, how much of it would you spend?
a software development project at day 70 exihibits an actual cost of 78000 and a scheduled cost of 84000. the foreman
consider a market where supply and demand are given asqd 56 - 2p qs -10 psuppose the government imposes a price
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