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Galbraith (1962) present eight assumptions about the causes of poverty (pages 15-19). Please select one of these assumptions and discuss its merits and possible remedial actions.
A firm is currently producing 40 units of output. At this level of output produced: Is this firm making profits or losses? How much? Are they maximum profits? Why?
Elucidate what policy measures can be to combat cost push inflation and demand pull inflation respectively and commet on the possible side effects of these measures.
Two physical therapy firms want to merge. The price elasticity of demand for physical therapy is -0.40. Firm A has a volume of 10,400, fixed costs of $50,000, marginal costs of $20, and a market share of 8%. What are the total costs, prices, revenues..
Describe in one short paragraph what the Leontief input-output model in Economics is about. State the meaning of the variables. The solution involves an inverse. State this inverse.
When the average default rate increases, the interest rate paid by all borrowers goes up. This is related to the risk premium on interest rates. There are 10,000 borrowers in an economy each of whom borrows $100 for a 1 year loan. The lender could al..
Firm manufactures bicycle component upgrade kits. Kits have a short-run average variable cost of $48 and are sold for $66 each. What is breakeven level of daily output for firm.
When a construction possibilities frontier is bowed out, away from the origin the opportunity cost of a good.
q1. compare the unemployment rate in new mexico to the national average of the past four 4 years. compare the trends in
How much must be deposited each month for 9 months at an interest rate of 6.9% per month to allow for a single withdrawal of $50,854.48 at the same time as the last deposit?
What short-cut can you take when calculating the AE for a cash flow that has repeating cash flow cycles?
Which economic decision makers conclude the provider of labor. Illustrate what is their goal also illustrate what decision criteria do they utilize in trying to reach which goal.
If velocity ?(V) and aggregate output ?(Y) remain constant at $4 and $1,000 billion?, ?respectively, what happens to the price level ?(P) if the money supply? (M) declines from $425 billion to $350 billion?? Originally, what is the price level?
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