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1. Suppose the United States economy is represented by the following equations:Z = C + I + G C = 500 + .5YD T = 600 I = 300YD = Y - T G = 2000
The following are the approximate U.S. market shares of dissimilar cigarette companies: Altria, 47 percent; Reynolds American, 26 percent; Imperial, 5 percent; Lorillard, 14 percent; total for all other brands, 8 percent. Suppose “all other brands” e..
Construct a numerical example to show that as marginal product (MP) rises, marginal cost (MC) falls. Explain your answer and use tables and graphs to illustrate.
Is this measure stabilizing or destabilizing. Suppose all states were committed to a balanced budget philosophy and the economy moved into a recession. What effects would this philosophy have on the size of the federal deficit.
1. There are four basic types of market structures with their own characteristics and outcomes, yet they also have characteristics in common. Which market structure would you say is most common in the United States. Be sure to be thorough, giv..
In the 1970s, savings and loan associations primarily earned their income from extending fixed-rate home loans. They extended many of these loans in the early 1970s when inflation was low. Were the savings and loans winners
Suppose households become more frugal so that there is a downward shift in the consumption function (decrease in autonomous consumption). Analyze the effects of this change in household behavior on real output, unemployment.
1. Sustainability is development that maintains the capacity to provide non-declining per capita utility for infinity (Neumayer, 2005). Based on this definition answer the following questions:a) What does "utility" mean in economics. How can utility ..
Montana is home to a number of firms offering wilderness hunting experiences to wealthy city dwellers. However, the profits of such firms depend on how crowded the "wilderness" is and how many deer are available.
suppose that the governmental authorities wished to decrease use of a pesticide that is leaching into groundwater
Over the last 30 years in the United States, the realprice of a college education after adjusting for inflation has increased by almost 70 percent.
1.for each of the following pairs of goods or services identify the one for which the price elasticity of demand is
The Paradise Shoes Company has estimated its weekly TVC function from data collected over the past several months, as TVC = 3450 + 20Q + 0.008Q2 where TVC represents the total variable cost and Q represents pairs of shoes produced per week. And its d..
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