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In February 2015, Wal-Mart announced that it would increase the pay rate for all its lowest paid workers. Is this wage increase a growth in fixed costs or variable costs? Would it be affected by output? If Wal-Mart's sales drop off, how might the store adjust its labor costs?
What is the real value of output (Q)? Enter your response as a whole number. _______billion. Now assume that the Fed increases the money supply by 10% and the velocity remains unchanged. If the price level remains constant, by how much will real outp..
For the next three questions we will consider Sante Bank, which has the following (partial) list of accounts on its balance sheet:
What is the equation of exchange and velocity of money? Explain the quantity theory of money and its relationship to NOMINAL GDP. What happens in the long-run when the money supply (MS) increases? What if LRAS and MS grow at 3%? What if velocity vari..
q.what would be the production possibility frontiers for brazil and the united states?without trade the united states
What is the demand curve faced by an average Jose's taco emporium? What is price point elasticity for Jose's tacos? What is cross price elasticity of demand faced by a typical Jose's taco emporium?
Poinsettia growing is a perfectly competitive industry and all poinsettia growers have the same cost curves. The market price of poinsettias is $5a pot and each grower maximizes profit by producing 2,600potsa week.
A small fitness center that offers only personal training services has the following demand and cost parameters: Demand: The fitness center has found that it has some discretion in pricing¬¬—that is, it can raise price marginally without drastic redu..
Using the formula for β^1 and β^0, show what will happen to the estimator of the slope and intercept in the SLR model if y is multiplied by the constant k, and at the same time x is multiplied by the constant m.
Describe a situation in which there is an economic argument for regulation the quantity of pollution reduction in order to achieve reduced pollution levels rather than using a tax.
"Which expression is another way of saying "marginal cost"? "
How can it be said that the factor-content approach “reveals” a country’s factor abundance? What assumptions seem crucial for making this inference? Explain.
How easy (difficult) is it to change wiring from twisted pair to fiber optic? Can we use the same network cards in the PCs, or do we need to change them?
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