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Suppose at current factor prices a country's manufactures use 60 hours of labor for each acre of land and food is produced using only fifteen hours of labor per acre of land. If the economy's total resources are 1800 hours of labor and 180 acres of land, how much labor and land are allocated to manufacture and food production respectively?If the labor supply grows 50%,what happens to the allocation?
We now incur shocks as provided in red font. Solve for a new expression of the consumption function and aggregate expenditure curve, solve for the new equilibrium output and add this new equilibrium point to both of your diagrams (label as point B..
What is the net effect on the money supply in the economy? Show your work. Assume instead that Sammy uses the $10,000 he receives to pay back a loan from Bad Boys Bank. $8,000 goes to repay the loan itself, and $2,000 represents his Interest payme..
Describe the balance of fixed and variable costs for the organization. How can the organization use technology to change this balance for an advantage.
What countermeasures could it take to prevent the Congress from expanding the money supply and What is the potential impact on the money supply? Suppose the central bank decided that the money supply should not be increased.
the government needs to reduce smoking by 20%, by how much should it increase the price.
Elucidate is the point price elasticity of demand for Fantasy pinball machines
According to Jeffrey Sachs, Illustrate kinds of development assistance can make a difference in Africa, and what role does he anticipate for the developed world.
Compute the ideas of the Classical economists with the ideas of John Maynard Keynes, and explain what kind of revolution the Keynesian revolution was.
A special-purpose machine tool set would cost $30,000. The entire capital expenditure ($30,000) is to be borrowed with the stipulation that it be repaid by two equal end of year payments at 15% compounded annually. The tool is expected to provide ..
Leaders of a small town are tired of looking at a vacant and dilapidated warehouse that sits on a prime piece of real estate. The town finds an investor who purchases the warehouse and promises to renovate the old building and build condominiums.
The equivalent uniform yearly cost per machine (years 1-5) at an interest rate of 8% per year is.
Kimberly has basic living expenses in addition to a student loan.She never knows what her monthly income will be due to the commissions.what advice can you give her to help her meet her goals.
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