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The average tax charge is $95. Assuming a normal distribution as a standard deviation of $10, use the approximate areas beneath the normal curve.
what proportion of tax prep fees were exactly $100?
Suppose past year's real GDP was $7,000 billion, this year nominal GDP is $8,820 billion, and GDP deflator for this year is 120. Determine the growth rate of real GDP? Does this demonstrate an improvement in economic welfare?
All firms in a Cournot monopolistically competitive industry have the same cost function C(q) = 25 +10q. Calculate the equilibrium price, firm output, total output and number of firms in the industry.
The following equations describe an economy, compute the simpler government spending multiplier in our open economy that applied under constant interest rate and equilibrium levels of output and interest rate
Develop an exponential smoothing forecast with smoothing constants α =0.1 and 0.3. What would be the forecast for week 11?
The different market structure and how they determine the degree of competition among firms and how they maximise profits in the short run and long run.
The night before an economic exam, you decide to go to the movies instead of staying home and working your MyEconLab study plan. You get 50 percent on your exam compared with the 70 percent that you normally score. a. Did you face a tradeoff?
Aero Company currently has net income of $3 million and 1. million common shares outstanding which sell for $20 per share. Aero has decided to issue new stock to raise $4,000,000 to expand its operations.
Life insurance companies require applicants to submit to a physical examination as proof of insurability prior to issuing standard life insurance policies.
Describe how exchange rates are determined using supply and demand. What is the date and source of your exchange rates.
What is Nash Equilibrium output for his supposing that the two firms choose their production quantities simultaneously?
In what ways is the inflation tax a tax, and in what ways is it not a tax and who pays for the inflation tax?
what is the GDP 2.what is the net domestic product 3. what is the national income 4.if real GDP in a particular year is $80 billion and nominal GDP is $240billion , what is the GDP price index for that year ?
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