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The cost function for KLM Company is given by C(Q) = 100 + 10Q + Q2, where costs are measured in thousands of dollars, and output is measured in thousands of hours rented.
The monopolist has a constant marginal and average total cost of $50 per unit. Find the monopolist’s profit – maximizing output and price.
part of the normal process of economic growth and development; the unemployment is part of the natural rate and need not concern policy workers. Discuss that statement and its relevance to the economy today.
Mattie drove 150 miles in the same amount of time it took a turbo propeller to travel 600 miles. The speed of the plane was 150 miles faster than the speed of the car. Find the speed of the plane.
Calculate the percentage change in GDP from 1970 to 1990, and from 1990 to 2010. Use annual GDP from bea.gov. Calculate the percentage change in real GDP from 1970 to 1990, etc. Use annual GDP in chained dollars from bea.gov.
Keynes describws that the level of output and employment in the economy was determined by aggregate demand or effective demand.
The 1 year interest rate on the Euros denominated bank deposit is 2.5%. Where will you earn the higher rate of return - Eurozone or Switzerland
When the price level is equal to the expected price level, we know from our theory that
What are the goals of macroeconomics? Please discuss the trade-off between inflation and unemployment and Phillips curve?
Select two countries (different than in Module 1) and identify major economic indicators for the last 5 years.
the macburger company a chain of fast food restuarants expect to earn 200 million after taxes for the current year. the
Suppose the real rate of growth of wages subject to Social Security taxes is expected to average 1% per year during the next 40 years. Assume that the Social Security tax rate remains constant, and prove that the average return on Social Security ..
Give an example of a normal good. What is the income elasticity of a normal good? Give an example of a luxury good. What is the income elasticity of a luxury.
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