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Which of these transactions do not get counted in GDP--sale of a used piece of furniture, income of a drug dealer, income of your teenage babysitter, daycare services, services of a doctor, a condo built in 2004 resold today, purchase of a brand new iPad Mini, Social Security payments to retired seniors, your services for helping your brother or sister mow his or her lawn, the vegetables you grow in your herb garden for family consumption, etc.? Explain your answer.
How does global economic competition impact the domestic market and decisions related to the strategy a firm uses to compete? Why do some economists oppose trade restrictions? Explain your answer.
Assume Caesar allocates his entire budget to the purchase of chips as well as soft drinks.
q.1. you are a monopolist. suppose there are two types of people who buy your product groups 1 and 2. their separate
A college graduate with a B.S. in Mechanical Engineering expects to earn, on average, $20,000 per year more than an engineer without a B.S. degree. If the graduate expects to work for 35 years, and the cost of the college education is $100,000, what ..
The Fed announced in April 2011 to it will continue the ‘quantitative easing' by completing the purchase of government securities by the amount of $60 billion.
following weekly demand and short-run cost functions:VC = 20Q+0.006665 Q2 with MC=20 + 0.01333Q and FC = $5,000
Describe a time when you experienced effective communication in a business environment and discuss at least three (3) reasons why you perceived the communication to be effective, and explain the resulting impact to the business.
q1. estimate the malthusian population momentum treatise to the current 3rd world population growth crisisq2. home is a
The Inflation Stealth Tax or Deflation tax Cut Inflation is a tax on currency. Prices in the UK have risen by 28.2 % since 2005 (measured by the consumer price index) A £ 20 note that fell down the back of a sofa 10 years ago would now be worth £ 15...
Assume that there are two identical firms in an industry, each producing the same good at the same constant marginal cost of $60. Make a table, similar to the one we made in class, for the Bertrand, Cournot and Monopoly models, showing the following:..
The Sequester is probably a bad idea. Use the IS-MP model to explain what should happen to the economy if the government cuts spending by 1 percentage point of potential GDP.
When an automaker begins offering low cost financing or rebates, others tend to do the same. What two oligopoly models might offer an explanation of this behavior? Fast-food restaurants tend to cluster together. That is, on one corner, there might be..
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