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How much can the manufacturer of super conducting magnetic energy storage systems afford to spend now on new equipment in lieu of spending $75,000 four years from now? The company’s real MARR is 12% per year and the inflation rate is 3% per year.
Assume that higher taxes discourage people from working. Further assume that the SRAS is upward sloping because of the Imperfect-Information theory. a) Imagine there is a tax cut. What would be the impact on the AD, SRAS and LRAS curves? b) What is t..
Consumption is $6 trillion, investment is $2 trillion and government purchases are $2.5 trillion. The country exports $1 trillion and imports $1.5 trillion. Find net exports and solve for the level of aggregate demand.
By how much should the U.S. automakers adjust the price of their automobiles if they wish to increase the volume of their sales by 9.2
A study the seasonal demand and supply, explain what happened to cause the oil prices to fall to consumer demand in early 2015. Draw demand and supply curves to explain what happened.
Many police officer positions being advertised today require the applicant to have a college degree even though the tasks of a police officer rarely call upon college course material. Why don’t police departments increase their applicant pool by drop..
Suppose that the market demand for medical care is summarized by the following: p=400 and the market supply is summarized by the following function: p = 50 +3Q health insurance is made available with not deductible and a 25% coinsurance rate. Calcula..
Calculate the profit maximizing labor demand and the resulting wage paid for the monopsonistic firm. Calculate the welfare loss compared to the competitive outcome.
A price-taking ?rm selling in a market with a price greater than the ?rm's average total cost should:
Illustrate what is the effect on equilibrium price and quantity in the market for oranges if a new orange picking machine is developed.
Farm workers in Oaks Farmville face a 1/198 probability of death at work and each of them receives a yearly wage of $61,000. Farm workers in Valley Farm face a 1/54 of death at work. Assume that both kinds of job require the same level of skills, eff..
According Harvard business professor Michael Porter, which of the following is NOT a viable strategy to achieve competitive advantage? According to Maslow, which need is the highest human motivational priority? The market is largest and competition i..
Suppose the quantity of good X demanded by individual 1 is given by X1 = 10 ?? 2PX + 0:01I1 + 0:4PY and the quantity of X demanded by individual 2 is X2 = 5 ?? PX + 0:02I2 + 0:2PY a) What is the market demand function for total X (= X1+X2) as a fun..
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