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What method of inventory valuation should be used for economic decision-making problems?
a. Book value
b. Original cost
c. Current replacement cost
d. Cost or market, whichever is lower
e. Historical cost
Compute the short- run and long- run results, explain the changes in the price and in the number of firms.
The most disruptive supply shocks in recenthistory were caused by OPEC, the Organization of PetroleumExporting Countries. In the early 1970s, OPEC's coordinatedreduction in the supply of oil nearly doubled the world price.
q1. if the aggregate-demand curve is given by the equation p400-2xy and long run aggregate supply100 the long run
Two bookstores are competing for customers. Both bookstores can decide to offer discounts to attract more customers. Bookstore-A has a 30% probability of offering a discount. The probability that Bookstore-B will offer a discount is unknown, and is r..
How would the following changes in price affect total revenue? That is, would total revenue increase, decline, or remain unchanged?
What fraction x of your money should you invest in risky asset in order to maximize your utility. What happens if A is large.
Demonstrate graphically the cost of income taxation of 30% to consumers and producers for an income of $27,908 and how does the taxation change if the income was $220,874?
As reserve requirement increases, money creation increase. The money value and price level are in inverse relation. The nominal interest rate is related to inflation. An inflation tax is tax put onto inflation. Government expenditure belongs to the a..
Illustrate what is the present worth of the planned expenditures at an interst rate of 10% per year.
Note that the current and capital accounts in the U.S. Balance of payments (BOP) are mostly private transactions while the official settlements balance involves transactions between governments. If trade with China causes more imports than exports in..
Kalamazoo Competition-Free Concrete (KCC) is a local monopolist of ready-mix concrete. what is its profit-maximizing sales quantity and price? what is the value of MC at profit maximizing sales quantity
Discuss which Explain how drop in the export sales sets in an ongoing recession using accelerator model.
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