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1. What are the two ways in which national wealth is accumulated?
2. Give two reasons that the unemployment rate may not measure correctly what we want it to measure.
Does price discrimination increase or decrease the publishers profit?
Making dresses is a labor-intensive process. Indeed, theproduction function of a dressmaking firm is well described by theequation Q = L - L2/800, where Q denotes the number ofdresses per week and L is the number of labor hours per week.
it is projected to increase next year by 2%, then decrease by 3% in the following year, and then increase by 5% the third year. What is the average inflation rate for the projected price of coffee over the next 3 years
What is the Nash Equilibrium of the game?
Although all appliances are given a unique serial number when manufactured, until this year Armonco had no capability of determining how often any appliance was brought to an authorized service facility.
If the average U.S. worker produces $100,000 of output per year, what is the annual opportunity cost of the federal regulatory workforce (Table 13.1)?
Is it sensible to continue to operate at a loss with 14 workers?
Assume that the dataset you have represents the whole population. Calculate the standard deviation of the population and use it to calculate the confidence interval for the population mean for the same random sample for 90%, 95% and 99% confidence..
The value of a successful project is $420,000; the probabilities of success are 1/2 with good supervision and 1/4 without. The manager is risk-neutral, not risk-averse as in the text, so his expected utility equals his expected income minus his di..
How would the profit-maximizing choice of output change if the fixed cost increased from $40 to $60? More generally, explain how the level of fixed cost affects the choice of output.
A railroad can operate zero, one, or two trains a day along a certain stretch of track that borders a farmer's field, but the trains occasionally emit sparks that set fire to the crops.
To assist your computations, you can try out the present value calculator available at www.timevalue.com/ tools.html. (When you go to that page, click on the Investment Calculators menu and then select "What is my future value worth today?" That w..
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