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One current economic issue facing the American government is ensuring people in danger of foreclosing on their homes can keep them. Explain why this issue is important
What type of market structure is OPEC? What are some important issues that OPEC must confront in their efforts to control the price of oil?
Suppose capital is steady, with three machines and MPPK/MRCK = 30, determine the least cost input combo of labor and capital? How much output is produced?
You have been hired as a plant manager for a firm that produces widgets (Q) in Angola, Indiana. Widget production requires machine time (K) and labor time (L).
In 2008, the price of crude oil (per barrel) set an all-time record of approximately $147 and then sank to near $40 by the end of the year. Since crude oil is a resource that is used in many industries
Assume that price level is fixed in the short run so that the economy does not reach general equilibrium immediately after a change in thee economy.
Assume that $5000 is deposited today, three years from now, six years from now, nine years from now, and twelve years from now in a savings account which earns 5% annual interest. What is the balance at the end of year 13?
What is the relationship between potential output and the natural rate of unemployment If the economy currently has a frictional unemployment rate of 2 percent, structural unemployment of 2 percent, seasonal unemployment of 0.5 percent.
Compute the linear function equation if drink consumption is a linear function of the number of students.
Caviar and champagne are complements. Recently, pollution has been a problem in the Volga River, where much of the world's caviar originates. The sturgeon that live in these waters are laying fewer eggs than before. Show graphically and explain..
Assume that the exchange rate is allowed to fluctuate freely. Use the IS-LM-IP Model to explain and graphically illustrate the impact of foreign output/income, will have on the domestic economy. Be sure label all graphs clearly with the curves and eq..
Describe how the indicator was created and its current value. What does this key indicator say about the current economic condition.
Elucidate how these economic concepts can be used to address the firm's problems and opportunities.
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