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The standard for extreme poverty was established at one dollar per day per person in 1985. if inflation was 2% year, how many dollars per day do the people in extreme poverty make now?
Discuss a decision made by your chosen company that involved costs that should have been ignored. why did the company include these costs in their decision process.
In order to maximize profits
Frank receives an annuity of $71568 at the end of each year. The amount he receives decreases by 3% each year. If Frank deposits the annuity in an account paying 9% compounded annually, how much will Frank have in the account at the end of 8 years?
Gross Domestic Product (GDP) only measures the value of marketed goods and services for a country during a given period of time. Is the GDP measure underestimating or overestimating national production and total income in the economy? Why? What are t..
two firms are planning their market strategies. firm k can earn 25 million in profits from strategy s if firm l
Compare the competitive price charged and quantity produced under perfect competition and monopoly. Other than identifying the presence of only one producer under monopoly, why do we tend to see this differential.
Name two products and two services whose production depends heavily on low- skilled labor. b. What would happen to the wages of the remaining low-skilled, legal workers after the deportations? c. What would happen to the prices of the goods and servi..
Assume a bank purchases a newly issued mortgage backed security (MBS) for $1,000. After the year, the value of the MBS has decreased to $750:
All else equal, a decrease in income taxes would be expected to
A firm uses labor and capital to produce output according to the production function q=100KL, where L is the number of units of labor used and K is the number of machines. What is the marginal product of labor. What is the marginal product of capital..
Given current employment, the marginal product of the last worker in Mexico is 100, and the marginal product of the last worker in the U.S. is 500.
The following equation represents the weekly demand that a local theater faces. Determine the profit maximizing ticket price for the theater. What is the price elasticity of its demand at this price? What is the elasticity of its demand with respect ..
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