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Consider the following model:C= 1500+MPC(Y-tY)I=800G=500X-M=500+MPI(Y)Where:t=the (flat) tax rateMPC=the marginal propensity to consumeMPI=the marginal propensity to importSuppose MPC=.80, t=.25, MPI=.21. Given the information above solve for the equilibrium output
Generally, which of the following is true? (where rE is the cost of equity, rD is the cost of debt and rA s the cost of capital for the firm.
Calculate marginal pdf's of both variables and calculate the probability that Bobo has fun if Bobo studies economics.
Given a 15% raise in a good's price and a 25% decrease in quantity demanded for good by consumer, which of the following types of elasticity best describes the demand curve for the consumer?
Investment rejects some of the furnishings because they do not match the plans, and subsequently refuses to allow Justus to finish the work or to col¬lect payment. Could Justus sue successfully for payment for the entire contract.
minimum wage legislation increases costs of production (and thus product prices) and creates an excess supply (unemployment) of unskilled labor.
suppose a women marries her butler. after they are married, her husband continues to wait on her as before, and she conitues to support him as before ( but as husband rather than as an employee). how does the marriage affect GDP
Illustrate graphically how the detergent cartel would set price and output and do you think this laundry detergent cartel with P&G and Lever will be stable for the next 5 years?
Demand and supply schedules
For a short-run cost function, which of the following statements is NOT true The average fixed cost function decreases with output. The marginal cost function intersects the average fixed cost function where the average variable cost function is a..
What is the relationship between bowed out shape of production possibilities frontier and increasing opportunity cost of the good as more of it is produced?
Describe three ways in which the Federal Reserve can change the money supply.
Assume that the unemployment profits provided through the private sector are raised permanently,
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