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Assume that GDP rises from $550bn to $650bn. Assume that this results in the consumption of goods and services rising from $340bn to $400bn. What is the mpc?
When a pair of dice are tossed, the results may be any whole number from 2 through 12. In the game of craps one can win by tossing either a 7 or 11 on the first roll. What is the probability of doing this.
a manufacturer of small hydraulic turbine has the annual cost data given below. calculate the manufacturing cost and the selling price for turbine. raw material and components cost $2150000 otal annual sales: 60 unit profit margin:15% plant overhead:..
suppose the following data describe output in two different years. item year 1 year 2 apples bicycles movie rentals
After speaking with a number of banks, Sharon learns she will only be able to invest her funds at 6%. How much does she need now to fund her travels?
Emerson Processing borrowed $900,000 for installing energy-efficient lighting and safety equipment in its La Grange manufacturing facility. The terms of the loan were such that the company could pay interest only at the end of each year.
The price elasticity of demand for imported whiskey is estimated to be -0.20 over a wide interval of prices. The federal goverment decides to raise the import tariff on foreing whiskey, causing its price to raise by 20%.
In this example, is absolute advantage the same as comparative advantage, or not?
The consumption bundle and prices for years 0 and 1 for Sam are shown below: Item Q0 P0 Q1 P1 Wine 45 $5.00 60 $3.50 Bread 120 $2.00 90 $2.50 a. Using the market basket in year 0 and setting the CPI for year 0 = 1.00, calculate the CPI for year 1
Describe what you believe will be the critical and significant auditing concerns in Borowski's General Audit Plan.
General creal is using a regression model to estimate the demand for Tweetie Sweeties, a whistle-shape, sugar-coated breakfast cereal for children The following(multiplicative exponential) demand function is being used. Qp=6,280P-2.15A 1.05N3.70.
Suppose the production function is given by the following equation (where a and b are positive constants): Q=aL+bK. What is the marginal rate of technical substitution of labor for capital (MRTsL,K ) at any point along an isquant
Ann's only income is her annual college scholarship, which she spends exclusively on gallons of ice cream and books. Last year, when ice cream cost $10 and used books cost $20, Ann spent her $250 scholarship on 5 gallons of ice cream
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