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Explain how output per capita can grow faster than labor productivity.
Is it possible for labor productivity to grow faster than output per capita?
Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.
A monopolist is in long-run equilibrium and earning economic profits equal $100 million. The government imposes a lump sum tax of $100 million on the monopolist.
Compute the price of the stock. A stock has a P/Sales ratio of 3. Sales per share is $16. Find the price of the stock.
Paper currency is the most easily recognized form of money. How well does paper currency serve the functions of money if we have an inflation rate of 50-percent per year.
Wy might a parent company like McDonald Hilton choose to franchise its local outlet rather than own them and staff them with employees In many smaller cities all McDonalds franchise are owned by the same franchise.
The Mineola Company hires a consultant to determine the relationship between its profits and its output. The consultant reports that the relationship is
Your production line has recently been producing a serious defect. One of two possible processes, A and B, could be the culprit. From past experience you know that the probability that A is causing the problem is 0.8 but investigating A costs $100..
Describe the implications of this economic forecast and the income elasticity of demand for the pricing strategy.
Illustrate the price elasticity of demand at the equilibrium price and quantity.What is the price elasticity of supply at the equilibrium price and quantity.
The government did nothing to stem the decline. From the point of view of economic policy, elucidate what would you think was the reason.
The prices of outstanding bonds change whenever the going rate of interest changes. In general, short term interest rages are more volatile than long term interest rates.
Illustrate what will be the consumer consumption of gasoline now and how much will be the amount of rebate.
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