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Can someone explain the concept of rent seeking as discussed by Tullock. What does rent seeking imply of the costs of a tariff?
What happened in the last 6 years? 1) By how much has GDP (and Real GDP) changed, and have there been significant changes in the internal composition of GDP?
Economic Projections you have just been appointed the new Economic Advisor to the U.S. Government and have been asked to develop an economic series of projections for the U.S. domestic economy for the next year. Outline your new forecast based on cur..
Suppose a firm faces the inverse demand curve P = 600Q– 0.5. The firm has the total cost curve TC = 1,000 + 0.5Q1.5. Find the firm’s profit- maximizing output, price, and profit.
If a firm is maximizing profit and the marginal revenue product of labor is $10 and the marginal revenue product of capital is $30, then the marginal resource cost of labor is $3, and the marginal resource cost of capital is $3 the marginal resource ..
How do you find the sum of X and Y Values combined when you are doing linear correlation coefficient?
Why would the Australian government debt be consider not too high?
q1. suppose that disposable income consumption and saving in some country are 200 billion 150 billion and 50 billion
The head of the accounting department at a major software manufacturer has asked you to put together a pro forma statement of the company's value under several possible growth scenarios and the assumption that the company’s many divisions will remain..
How much money can be withdrawn at the end of 21 years if $3,000 is deposited at the end of each year for 13 years, and no deposits are made after, where the fund earns 6.4 percent?
An individual makes $45017 per year. If they move to a city where prices are on average 11 percent lower, and they continue to make the same salary, then what is their purchasing power parity adjusted income?
All of the following can cause conflict between divisions EXCEPT
Explain to your non-economist friends what this means, including considerations regarding the measurement of unemployment rates that can underestimate it. As a group of economic advisors in the campaign of an unnamed presidential candidate, what poli..
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