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If GDP quadruples in 25 years and population of people grow 50% then what is the average growth per person in these 25 years? Answer is 4% but don't know how to solve.
Grace owns and operates a small pottery firm.Grace hires an assistant at $12,000/year, pays annual rent of $5000 for her shop, and spends $20,000/year on materials. Calculate the accounting profit and the economic profit for Grace’s pottery business...
1. The completion times for a job task range from 11 minutes to 18.7 minutes and are thought to be uniformly distributed.
Analyze the implications of adverse selection in insurance markets that contain information asymmetry and community ratings. Justify your response.
How does this impact the operation of monetary policy with regard to Congress and the president?
As we become more aware of our impact on the environment, citizens and legislators are faced with decisions which impact local, state, and national economies. For example, government restrictions on construction due to effects on endangered species o..
Madison has two residents: Sam and Ryan. Both love to drive. Each resident’sutility depends positively on the weight of his own car (Wr or Ws) and the totalamount of a public good, snow removal, purchased in the town. Compute the market equilibrium o..
The board of directors of API, a relatively new electronics manufacturer, has decided to begin paying a common stock dividend
If one wanted to speculate in the sub-prime mortgage bond market, explain the difference between buying a sub-prime mortgage, buying a sub-prime mortgage bond, and buying a sub-prime credit default swap (CDS) and how these financial instruments can b..
Global Corp. sells its output at the market price of $7 per unit. Each plant has the costs shown below:
The market for DVD rentals in Dallas, Texas, is estimated to be P= 10-0.002Q. Marginal cost (MC) of rental is equal to $2. Where PD is the price (per DVD in $) for DVD QD is quantity of weekly rental. The marginal revenue (MR) for rental is equal to ..
Illustrate what are the monopolist's profit-maximizing price and total output.
Imagine that you live in a flat and some new people move in next door who like playing loud music late at night. Imagine that you don’t like loud music late at night. In what way is this an externality? Governments often put constraints around when l..
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