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Deficit Elimination
Dunston Military Academy has an annual deficit of $250,000. Its 1,000 students pay a tuition of $10,000 each per year. The economics faculty has recommended solving the problem by recruiting additional athletes with $5,000 scholarships. Each additional athlete will cost the school $2,500 (equipment, etc.). Assuming the academy agrees, how many athletes are needed to eliminate the deficit?
RainAway, Inc., makes polymers used to coat the windshields of car's, planes, and boats-Complete the following table based on the RainAway product's price, output and costs per year:
The demand function for gadgets is providede by the following formula. Illustrtae what is the point price elasticity of demand.
How much will this consumer be willing to pay for the product if the firm offering the reliable product includes warranty that will protect the consumer? Explain.
According to economist, if savings equal $5 trillion and spending equals $100 trillion, what will investment equal?
Explain how each of the following would cause the yield curve to shift if between now and next year:
The Lexus LS 430, the top of the line Lexus sedan, riad a base price in Canada of C$85,700 during the fall of 2005. Restated in US dollars using the exchange rate prevailing then, that price is $71,885.
Illustrtae what is the current cost of a share of stock for a firm with $5 million in balance-sheet equity.
What is the difference between the medium of exchange and the store of value? What is the difference between commodity money and fiat money?
A firm has offices in London and New York. Fractional units of labor can be employed in each location (as part-timers can be hired) and the headquarters could be in either city.
Assume labor is the only cost of production and labor coefficients (hours of labor required per unit of output) in MACONDO and KRYPTON for each good are as follows:
Find out the equilibrium market price. Find out the profits of the leader and the follower
Provide an update on the economy-where is unemployment, what is the outlook for the deficit, what are the overall predictions for 2010 - 2012?
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