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The table below contains data from the Bureau of Economic Analysis (BEA) on real GDP in the United States for 1980 to 1984. During this period, the United States experienced economic fluctuations (one recession and periods of economic growth). Use the information in the table to answer the following question. (Note: the data in the table has been rounded.)
Year Real GDP(Billions of dollars)
1980 $4,9001981 $5,0201982 $4,9201983 $5,1301984 $5,500
Source: Bureau of Economic Analysis
The National Bureau of Economic Research (NBER) uses information about the economy (including changes in real GDP) to identify when recessions begin. According to NBER, a recession began in July 1981 and ended in November 1982.
Moreover, she can expect a 5% salary increase each year with this employer. Apply the concept of opportunity cost to calculate the economic cost (as opposed to the accounting cost, which would not factor in opportunity cost) of pursuing the MBA ov..
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Explain are there any present events in the news that you can directly link to concepts or theories covered so far.
The largo Publishing House uses 400 printers and 200 printing presses to produce books. A printer's wage is $20 and the price of a printing press is $5000.00. If not, how should the manager of Largo Publishing house adjust input usage?
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Suppose the supply for optometrists is given by LS= -6 + 0.6W, while the demand curve is given by LD= 50-W. Also, assume that the government imposes a payroll tax equal to $8 for each optometrist hired by a firm. a. Find the equilibrium wage and e..
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Choosing to treat price as its main decision variable, it writes profit as: ?= R- C = [P(8.5-.05P)] - [100+(38)(8.5 - .05P)] = -423 +10.4P - .05P^2. Derive an expression for M?=d?/dP. Then set M? = 0 to find the firm's optimal price
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