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Q1. Suppose that MNL Logs harvested the logs in October 2011 and sold them to MNL number in December 2011. MNL number then sold the finished number to MNL Furniture in April 2012 and MNL Furniture sold all 100 tables during the rest of 2012. By how much did GDP increase in 2011 and 2012 due to these transactions?
Q2. John and Mary each buy a new house for $400,000. Mary pays cash. John borrows the full $400,000 from the bank and pays interest at the market interest rate of 4 percent. Is it correct to say that the cost to Mary of living in her house is less than the cost to John? Why or why not?
Competition in the market is such that each of the firms independently produces a quantity of output.
Assuming labour demand is downward sloping and that the labour market is competitive, what happens to national income as a result in immigration.
Rain spoils the strawberry crop, the price raises from $4 to $6 a box, and the quantity demanded decreases from 1,000 to 600 boxes a week
A major Statistics Canada household survey, the Survey of Labour and Income Dynamics or SLID, the latest of which is referred to as SLID 2009.
The People's Bank of China, the country's central bank, raised the reserve requirements of its top commercial banks to put a squeeze on the credit market
You read in a business magazine that computer firms are reaping high profits. Assume that the computer market is perfectly competitive.
One of the three ADM executives was actually an informant who tipped off the Feds about this conspiracy. Which executive was he. Why did he rat out his co-workers.
Assume that during the last month of the tenth year of ownership, the property in Problem 2 is sold for 1,500,000. Assume also that the seller incurs transaction costs equalling 6 % of the sales price.
At a separating perfect Bayes-Nash equilibrium, what is the maximum amount of advertising that a restaurant conducts. What is the minimum amount.
Illustrate the solution graphically using Labor Supply / Labor Demand and Production Function diagrams.
Find the mean and standard deviation of team payroll for the 14 American League and the 16 national League teams.
Suppose, on the other hand, that the second country retaliates with an export subsidy of its own.
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