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Q1. Suppose that businesses buy a total of $100 billion of the four resources (labor, land, capital, and entrepreneurial ability) from households. If households receive $60 billion in wages, $10 billion in rent, and $20 billion in interest explain how much are households paid for providing entrepreneurial ability?
Q2. What is the total surplus if from Carlos, Bob buys a unit, if from Courtney, Barb buys a unit, if Bob buys a unit from Chad? If you match up pairs of buyers and sellers so as to maximize the total surplus of all transactions, what is the largest total surplus that can be achieved?
What is the function, as well as what are the main ingredients as well as connections within the policy planning network doing off describes.
What s the general pattern of the US income distribution over the last century. Explain about the timing of the changes.
When you purchase and eat a hamburger, no one else can eat the same hamburger. When you download a file on the Internet, the file is still available.
Why as a result of rise in exchange rate, the amount of imports fall but not as much as it does when the supply is perfectly elastic.
Youngstown sold most of its output in the Midwest. Was this fact relevant.
Board of directors has directed you to choose an output level that maximizes the firm's profit. You have an incentive to maximize profits because your job and salary depend on the profit performance of this company.
Calculate the inventory value of the units unsold in the has well as of the consignee.
Show the balance sheets of Swede world only commercial bank after the initial deposits
Your paper should be written using a word-processing program, likely Microsoft Word otherwise a Word-compatible program.
How would I find out by how much the price of water needs to be raised to reduce demand by 40% if the price of elasticity is 2.0.
Repeat these calculations for the third, fourth, and fifth years, assuming that the Government taxes at a rate each year and has noninterest expenditures annually.
Determine the new equilibrium price and quantity and how much tax revenue does the government earn with $6 tax.
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