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an economist might say that collage and universatys "produce" education, using facility members and students as inputs. According to this line of reasoning, education is then "consumed" by house holds. Construct a circular-flow diagram like the one found in this chapter to represent the sector of the economy devoted to collage education: collages and universities represent firms, and house holds both consume education and provide facilty and students to universities. What are the relevant markets in this model? What is being bought and sold in each direction? what would happen in the model if the government decided to subsidize 50% of all collage students tuition?
Describe departmental cost driver rates depends on direct labor hours for assembly also machine hours for cutting.
Compute producer surplus, how much is the difference between the producer surplus and profit in this case
You are Secretary of the Treasury Jack Lew. It's six months into Obama's second term as president and you receive some estimates of national accounts numbers you plan to report to the President in a cabinet meeting. Under one set of expectations..
Assume the U.S. economy begins in long-run equilibrium. Concerns about global climate change cause the government to significantly restrict the production of electricity form fossil fuels.
For each of the given below statements, state whether the unemployment is structural or cyclical.
Calculate the Consumer Price Index in each year and calculate the inflation rate from 2010 to 2011 and then from 2010 to 2013 using the calculated CPIs.
Assume her estimated selling price is lower than originally projected. How much revenue would she need in order to earn a positive accounting profits.
Over the past decade, many media articles have discussed the topics of "Coutsourcing" and "Cemerging markets", voicing concerns about U.S. deficits and debt and the impact on the U.S. dollar
William J. Bryan is the general manager of an electrical equipment plant. He must decide whether to install a number of assembly robots in his plant. This investment would be risky because both management and the workforce have no real experience ..
Elucidate your answers in terms of the market for lawyers fully explaining what changes will occur to demand, supply, quantity demanded, quantity supplied, and equilibrium price for lawyers
The best Leisure John may get in a week is 168 hrs. Other than that how many hours a week John works, he gets a $200 allowance from his father.
How the Unemployment Rate Affects the U.S. Economy and how the Unemployment Rate Affects
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