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Suppose we have monthly data on the CPI and quarterly data on the GDP. We have information only on the first two periods. We are given that the CPI increased by 0.5% from January to February, while GDP increased by 1.3% from Q1 to Q2. We would like to see if how growth and inflation rates compare. What would be the "annualized" growth rate of each?
Distinguish between total and average fixed costs, Define and graph total variable cost, maginary cost, and average variable cost, Calculate total cost and explain the relationship between average total cost and marginal cost
A competitive firm has the following quadratic total cost function TC = aQ2+10Q + 50- determine a if the market price is $50 per unit and the firm's profit maximizing level of output is 10 units.
a van conversion company has fixed capital and labor expenses of 1.2 million per year and variable expenses averaging
Compute the marginal revenue function from the demand equation Z=8Pz^2. Determine the value of marginal revenue when the price of good Z is $30
In the previous problem, assume that the closing cost for refinancing is $4,000, which you agree to be added to the balance of your loan. What range of mortgage rates makes the refinancing financially to your advantage?
relationship between confidence intervals and hypothesis testing?
How much money would you have to invest today at 8 percent APR compounded monthly to accumulate the sum of $150,000 in 35 years? (Round your answer to two decimal places)
what are the major characteristics of pure monopoly? what are the major barriers to entry that explain the existence
each class member shall prepare a written report concerning the performance of a company of their choice.
The sponsor makes payment for the communication via one or more forms of media (e.g., television, radio, magazine, newspaper, online).
Are Lay's Potato Chips a normal or inferior good and Doritos a substitute or complement for Lay's, the marginal cost of producing a bag of Lay=s is 60 cents. How much should you charge per bag?
Assuming that poor and rich countries have the same production function, illustrate how the poor country will converge with the rich country. Describe how this mechanism works. 2. In the data, countries with low living standards have capital-to-wo..
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