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If income changes from $200 billion to $300 billion and consumption changes from $150 billion to $200 billion, what is the marginal propensity to save (MPS)?
What are some important things to consider when giving and receiving criticism? How can you create an effective climate when discussing matters of importance with coworkers, clients, vendors, superiors, and employees? What factors should be considere..
The cost of energy for operation high lift pumps in a water distribution system was $1.4 million for the first three years. Beginning in year four, the cost increased by $30,000 each year for the next 12 years. The cost of the energy is at an interes..
For lunch, Ada prefers to eat soup and bread in fixed proportions. When she eats X pints of soup, she prefers to eat 2X ounces of bread. If she has X pints of soup and more than 2X ounces of bread, she eats all the soup along with 2X ounces of bread ..
Tucker's industrial engineers have informed management that hiring one additional worker will increase output by five units every hour
Explain why an industry in a perfectly competitive marketplace would choose to remain in business, if its profit is zero at equilibrium.
The marginal rate of substitution (MRS) determines the rate at which a consumer is willing to substitute between two goods in order to achieve.
Acme Semiconductoris expanding its facility and needs to add equipment. There are three process tools under consideration. You have been asked to perform an economic analysis to select the most appropriate tool to acquire. You have gathered the follo..
The supply of paper is described by the following equation Qs = 5,000P where Qs is tons supplied per year and P is the price per ton. The demand for paper is given by Qd = 400,000 – 3,000P Production of paper generates an externality of $20 per ton p..
You are pitching a marketing proposal to a company that sells electronic equipment. For a particular product line, their current sales price is $20 per unit, cost is $9 per unit and they have $20,000 in fixed costs associated with this line. Calculat..
Analyze how the different forces will come together to create a convergence between the interests of stockholders and managers.
Jim borrows $52000 from a local bank at an APR of 7.2% compounded monthly. His monthly patents are $52000(A/P, 0.6%, 54) = $1128 for a 54 month loan. If Jim makes an extra payment on the first month of each year, his repayment duration for the loan w..
If the Fed raised the reserve requirement, the demand for reserves would
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