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How would you convert nominal GDP into real GDP? What benefit would you get from this conversion? Also, for the list of things that may not be included in or accurately measured by nominal GDP, can anyone provide any solution for a better accounting of GDP?
consider the table below for the neighboring nations of northland and west coast. the table lists the maximum feasible
The United States currently imports all of its coffee. The annual demand for coffee by U.S. consumers is given by the demand curve Q = 250 –l0P, where Q is quantity (in millions of pounds) and P is the market price per pound of coffee. World producer..
Due to a slow economy, business has been slow and you are losing money every month. The owners have asked you whether to continue operations or to shut down at least until the economy improves.
Constrained optimisation model
if a start-up entrepreneur lacks certain competencies such as understanding cash flow or not knowing how to use social
Many critics however contend that the American Recovery and Reinvestment Act of 2009 were not effective at all except too much budget deficit
Calculate the present value of the costs and the present value of the benefits of each career path assuming an interest rate of 3% and then again at an interest rate of 10%. Which of the career paths should she pursue under each interest rate?
1explain why in a perfectly competitive market the firm is a price taker. why cant the firm choose the price at which
a. using the data in the in-class handout example of a firm with market power calculate the price elasticity of demand
Using regression analysis, find an equation that best fits the data to represent the TVC function and at what sales/output level will marginal costs (MC) reach a minimum?
1.why would suppliers be willing to accept prices that cover variable costs but do not cover total costs? how does the
Suppose that the cost of living increases, thereby reducing the purchasing power of your income. If your money wage doesn't increase, you may work more hours because of this cost-of-living increase. Is this response predominantly an income effect ..
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