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For the economy as a whole, what percentage of firm revenue is spent on advertising?
a. 1 percent
b. 2 percent
c. 4 percent
d. 6 percent
e. 10 percent
Many cultures use the idea of Santa Claus making a list of who is naughty/nice as a way to manage the behaviors of children (because those children on the "nice list" receive presents). Do you feel that this parental behavior is morally reasonable..
Suppose a firm produces widgets on two assembly lines and operates with the following Total Cost function: TC = 3x*2 + 6y*2 - xy Where x represents the number of widgets produced on one assembly line and y the production on the second.
What happens to the value of dollars in the market for foreign currency exchange?
Chuck, Michael and Hakeem are three retired basketball players. They determine that in Madison there is demand for private basketball coaching. The demand and supply curves for private basketball coaching are Qd = 50
Find the equilibrium level of income (Y*). Construct an aggregate expenditures model showing this information. What happens to RGDP if government spending decreases by $5 billion? Provide specific numbers. Suppose this economy opens up to trade. If..
Suppose an economy's real GDP is $42,000 in year 1 and $43,200 in year 2. What is the growth rate of its real GDP? Instructions: Round your answer to two decimal places. The growth rate of the economy's real GDP =_____%
An oil company purchased an option on Land in Alaska. Preliminary geologic studies assigned the following prior probabilities. After 200 feet of drilling on the first well, a soil test is taken. The probabilities of finding the particular type of so..
Net income from nonfarm unincorporated business, including rent 35 Personal consumption expenditure 398 Imports 170 Undistributed corporate profits 7 Personal taxes 136 a) use expenditure approach to compute GDPb) Calculate NDP c) Calculate NNI
Suppose that due to a political conflict inside the country, there is a risk the government will default in its debt in t = 2. The investors perceive the probability of that default to be = 0:10. What interest will they demand (HINT: because inves..
Determine the reaction function for each firm.
What are the equilibrium wage rate and number of hours worked? What is the quantity of unemployment at the equilibrium wage? How many hours do teenagers work and how many hours are unemployed?
Are wars good for the economy?
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