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What is money? How has the monetary system solved many problems the economy faced from barter?
A store orders 100 hammers and 50 chisels from a supplier in Belgium. The hammers cost €5.30 each, and the total cost of the order, before discount, is €775.
Calculate the real GDP in every year, assuming that the nominal GDP was $559 billion in the base year, $577 billion in year one, and $605 billion in year two,
What is the overall GDP, unemployment rates, and inflation rates? What other important details did you discover about this nation's economy?
(a) Indicate whether this production function exhibits constant, increasing, or decreasing returns to scale. (b) Does the production function exhibit diminishing returns If so, when does the law of diminishing returns begin to operate.
Jennifer contemplates installing certain new machines that will reduce the labor time required on certain operations. These will increase the connected load by 10hp, but since they will operate only on certain special jobs, will add only 100 kWh p..
Suppose that Demand and Supply curves for coffee bean is given by-What value of t maximizes Government's tax revenue?
The purpose of this assignment is to provide you with an opportunity to research and analyse two trading partners of Australia
A monopolist has to decide how to price its product in two markets and how to allocate product output between them. The markets are separated geographically by a national border
Explain how each the labor markets for workers who completed college or more is affected (changes/shifts in demand and/or supply) when the workplace becomes more computerized and technically sophisticated.
Fleet rental car company purchased 10 new cars for a total cost of $180,000. The cars generated income of $150,000 per year and incurred operating expenses of $60,000 per year. The company ises MACRS depreciation and its marginal tax rate is life ..
Suppose that the government increases taxes and government purchases by equal amounts. What happens to the interest rate and investment in response to this balanced-budget change? Does your answer depend on marginal propensity to consume.
Illustrate what will happen to the equilibrium level of income if investors become optimistic about the country's future and raise their investment.
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