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In 2010, the Laser Company produced 18 t-shirts. Three of them were sold to Catherine for $699 each, later that same year Catherine sold the now used t-shirts to Max for $571 each. The reaming t shirts that Laser produced were not sold to anyone that year and stay in their inventory at a value of $317 for each t-shirt. How much was added to GDP from the previously mentioned transactions?
For this week's assignment you will create a financial plan to be prepared for economic fluctuations. What factors can contribute to unemployment? How can technology lead to greater unemployment, or is it a benefit to the economy? Can inflation cause..
Using the formula for β^1 and β^0, show what will happen to the estimator of the slope and intercept in the SLR model if y is multiplied by the constant k, and at the same time x is multiplied by the constant m.
The New Zealand dollar pushed toward U.S.55c yesterday as the greenback was dumped on a surprise U.S. Federal Reserve initiative to pump more money into a still-choked financial system.
Different products have different elasticities. Heart medication, for example, is inelastic, and corn is elastic.
Explain the viewpoints of classical and Keynesian economists. How did the economy that existed at the time of these theories influence them?
Suppose that in an hour Chip can gather 8 pounds of fruit or 4 pounds of nuts. In an hour, Monk can gather 9 pounds of fruit or 3 pounds of nuts. Who should specialize in gathering nuts? Monk or Chip? both? or neither?
q.firms often face the problem of allocating an input in fixed provide among different products. find out the optimal
Is this commitment irreversible. Analyze Fiat's entry in term of Ghemawat's framework for analyzing commitment.
Compare also contrast the four marketplace models in terms of the profit-maximizing.
Assume the demand function for scooters is given by QD = 20,000 – 10P + 0.2I, where P = price of a scooter, and I = average income of consumers. Also, assume the supply function of scooters is given by QS = 20 P. If the market for scooters is perfect..
Illustrate what is the unemployment rate. Karen sharpens knives in her spare time for extra income.
Analyze the USA financial meltdown that happened in 2008-2009. This crisis was partially caused by the reward systems that were in place for participants in the financial system. Identify the major participants in the financial system.
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