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At what level of output does marginal cost equal marginal revenue?
No. of Units Produced Total Revenue Total Costs
0 0 0
10 150 120
20 300 250
30 450 400
40 550 500
50 600 550
a) 10
b) 20
c) 30
d) 40
Which determinant of demand changes in the personal Computer marketplace as more persons become interested
Goods and services that are not sold in markets, such as food produced and consumed at home and some household articles, are generally not included in GDP
According to the political business cycle theory, if the Fed wanted to see a President re-elected, prior to the election it might.
Explain the Public Policy Lifecycle utilizing a public policy Discuss how the importance of developing a viable Policy Adoption and what policy makers need to consider when adopting new or amending existing policies.
The international parcel service has installed a new radio frequency identification system to help reduce the number of packages that are incorrectly delivered.
How do you calculate per capita income and capital per worker in the Solow Growth Model?
Do you know which states have the highest unemployment rate right now? As businesses are downsizing in the recession, they are laying off a lot of people. What type of unemployment will then occur?
The remaining ten men are also farmers but they produce coconuts without shovels. Each such farmer can produce 50 coconuts per year.
What are the price-quantity effects of this tariff on domestic consumers, domestic producers and foreign exporters. Explain how would the effect of a quota that creates the same amount of imports differ.
The Federal Reserve has not formally adopted inflation targeting. The inflation target, stated or implicit, is usually around 2%. The Federal Reserve chairman credited with ending the Great Inflation is
Identify the following interest rate statements as either nominal or effective: (a) 1% per month compounded weekly; (b) 0.5% per week compounded weekly; (c) effective 15% per year com- pounded monthly;
The monetary return to an additional year of experience will be higher for workers in the primary sector of the labor market than for those in the secondary sector. A union’s contract zone will be wider the more inelastic is the labor demand curve.
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