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Marxian economic theory criticizes capitalism systemically for causing both (a) inequality of income and wealth and (b) instability or cycles/crises of macroeconomic levels of employment, income and social welfare. Explain how the basic Marxian analysis of capitalism supports this criticism.
A. Calculate the arc price elasticity of demand for appetizers B. Calculate the arc cross-price elasticity of demand between beverage sales and appetizer price
Suppose the estimated market demand for a computer is P=1000-0.04Q and the market supply is P=0.06Q. What would the market price and output of computer that clears the market (i.e. no excess supply or shortage of goods)? Please show work. Show this o..
Consider a project that cost $100,000 and yields a return of $30,000 for five years. At the end of the fifth year, there is a cost of $20,000 to dispose of the waste from the project. Should the project be undertaken if the discount rate is 0? 10 per..
Assume an open, mixed economy (C + I + G + X = real GDP) and an MPS of .2 What is the multiplier? The result will be a $200B decline in real GDP. Was this policy of increasing government spending and taxes by the same amount expansionary, contraction..
How much will GDP rise when Kim K buys her purse according to the multiplier effect? I am having trouble finding a formula that mentions when GDP rises.
What impact does consumer spending have on the aggregate economy? How is it similar or different from the impact that government spending have on the aggregate economy?
The increased use of technology may be a threat to public administration and national security. Construct a scenario in which you support this theory, and propose two (2) methods geared towards minimizing the technological threats identified within y..
Cost of a part increases by 3$ every 6 months. If the cost for the first semiannual period is expected to be $85, what is the present worth of the cost for a 4-year time period at an interestrate of 1% per month?
For requirements determination, the traditional sources of information about a system include interviews, questionnaires, observation, and procedures
Determine elasticity of demand for various quality ranges of the product based on textbook theory and judgments about the degree of luxury vs. necessity represented by various brands (e.g. a luxury car vs an economy car).
What are the objectives of this interest rate? What are the PROS and CONS of raising the rate of interest? Who are the gainers and losers of such monetary policy? What is your general personal opinion (in support or against) about this monetary polic..
The demand curve for two liter bottles of soda is given by QD=4000-300P, and the supply curve is given by QS=1300P. In an effort to reduce soda consumption, the government has placed a tax of $4 per two-liter bottle that is added to the consumer’s bi..
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