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The price of long-distance telephone service fell from 40 cents per minute in 1996 to 22 cents per minute in 1999, a 45-percent (18 cents/40 cents) decrease. The Consumer Price Index increased by 10 percent over this period. What happened to the real price of tele- phone service?
The budget deficit is of tremendous concern and all law makers agree that some measures should be taken to reduce it. However, The Republicans see the issue as a spending problem, while the Democrats see it as a revenue problem.
in 1970 lyle bought a hand calculator for 200. the calculator was more accurate in its four functions of addition
Suppose the production function for oranges is Q = k^1/3 L^1/3. What is the labor demand function when Q = 4 and r = 9 ? What is the capital demand function when Q = 4 and w = 4 ?
Use the model of supply and demand to explain how a fall in the price of frozen yogurt would affect the price of ice cream and the quantity of ice cream sold. In your explanation, identify the exogenous and endogenous variable.
Define marginal product, marginal revenue, value of marginal product (VMP), the marginal revenue product (MRP) of a resource and explain the relation between MRD and demand for that resource.
Write the marginal physical product of labor MPPL and capital MPPK and If K = 5000 units and L = 8000 units, what is Y , MPPL , and MPPK ?
There are only two polluting sources in the region, each of which generates 10 units of pollution for a total of 20 units released into the environment. The government determines that emissions must be reduced by 10 units across the region to achieve..
a firm has fixed costs of 300 and variable costs of 0.75q 8 per unit produced.a define and find an expression for the
Suppose the production function is C = L(0.5) x M(0.75), does the production function exhibits increasing returns to scale, decreasing returns to scale or constant returns to scale? Explain your answer.
select any 3 parts of the united states constitution or the amendments to the constitution and write a discussion post
Fiscal policies can have both subtle and major effects on almost all organizations.
1. suppose the market for melons can be described by the graph below. show all work in your answers.a. if jons maximum
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