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a. What is the difference between liabilities and equity?
b. What makes a liability a current liability?
c. Give some examples of current liabilities.
d. What is the difference between long-term debt and notes payable?
determine price el asticity of close substitudes
The deadweight loss of a tax is the area of the triangle between the supply and demand curves. Solve for the deadweight loss as a function of T. Graph this relationship for T between 0 and 300. (Hint: Looking sideways, the base of the deadweight l..
Suppose a consumer's income is M= $1,200 per month, all of which he spends on some combination of rent and restaurant meals. If restaurant meals cost $12 each and if the monthly rent for an apartment is $3 per square foot.
Provide an intuition for why countries grow at the same rate despite different rates of discounting.
the supply curve for product x is given by qxs -340 10px .a. find the inverse supply curve.p qb. how much surplus
Show that expenditure on agricultural goods increases at the same rate as aggregate output.
List the economic benefits of, and problems with, subsidized college education. Examine subsidized college education by considering answers to the three basic economic questions:
Janis could compensate her dormmates for each unit of noise pollution each song played. How much compensation would be required? From her perspective, is paying compensation better than paying the tax, worse, or the same?
How does the WTO justify its position on trade disputes that involve environmental issues?
Julia can fix a meal in 1 hour, and her opportunity cost of one hour is $50. Jacque can fix the same kind of meal in 2 hours, and his opportunity cost of one hour is $20. Will both Julia and Jacque be better off if she pays him $45 per meal to fix..
The Commerce Department said gross domestic product, the broadest measure of goods and services produced in the USA, fell at a 0.3% annual rate in the third quarter. Consumer spending, two-thirds of economic activity, plummeted at a 3.1% rate-the ..
Output Fixed Costs AFC Variable Cost AVC Total Cost ATC MC 1 $50 50 $30 30 $80 80 2 $50 25 $50 25 $100 50 20 3 $50 16.66666667 $80 26.66666667 $130 43.33333333 30
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