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Use the following data round your answers to the nearest tenth. Assume the economy of Slugian produces two products, lectures and coffee. Output and prices of these two goods for 2002 and 2003 are given in the table:
What was nominal GDP in 2002 for this economy? What was it in 2003? What was the percentage rate of change in nominal GDP between 2002 and 2003?
what combination of the two goods below allows you to maximize your utility with a budget constraint of 14? show how
the industry demand function for bulk plastics is represented by the following equation p = 800 - 20Q where Q represents millions in pounds of plastic the total cost function for the industry, exclusive of a required return on invested capital is ..
You are given the following model that describes the economy of Hypothetica. 1)Consumption function: C=100 + .8Yd 2) Planned investment: I = 38 3) Government spending: G = 75 4) Exports: EX = 25
The other 99 players then vote on whether to split the pie in that way or not. If a majority of them (that is 50) vote for the split, then the split is implemented, each player obtaining the proposed share. If a majority vote against the split.
Suppose two firms 1 and 2 compete in quantities and face a demand curve p = 100 - q. Suppose firm 1 has a constant marginal cost of 10 while firm 2 has a constant marginal cost of 40. Suppose they produce quantities simultaneously. a. Find q..
An investor bought a tax-free provincial bond, at a cost of $1000 which will pay $50 interest each year for 20 years. The bond will mature in 20 years and return the original $1000. If there is a 2% annual inflation during this period, what real r..
Discuss India's the key objectives and strategies of India's Foreign Trade Policy 2009-2014?
Under patent protection, a firm has a monopoly in the production of a high-tech component. Market demand is estimated to be: P = 100 - 0.2Q. The firm's economic costs are given by: AC = MC = $60 per component.
Assume that a monopolist considering to spend 500.000 usd on large campaign to promote the their products.The demand curves are defined by p = 150 - 3q, where q is the output-quantity in 1000-usd. By executing the campaign the firm expects the new de..
suppose that the money demand is given by md py0.25 ? i suppose that nominal income is 100 and wealth is 500 and that
What is the percentage increase in production when valued at 2009 prices is ___21.6______percent. Answer to 1 decimal place.2008: Lattes 97/$7 each Cappuccinos 53/$5 each 2009: Lattes 114/$8 each Cappuccinos 69/7$ each
The cost of capturing and storing all CO2 produced by coal-fired electricity generating plants during the next 200 years has been estimated to be $1.8 trillion. At an interest rate of 10% per year compounded monthly
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