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Q. If nominal GDP is $600 billion and, on the average, each dollar is spent three times per year, then the amount of money demanded for transactions purposes will be what?
Q. The size of the labor force in a community is 500, and 400 of these folks are gainfully employed. In this community, 100 people over the age of 16 do not have a job, and are not looking for work. In addition, 200 people in the community are under the age of 16. The unemployment rate
Explain how many fish should a commercial fisherman try to catch a day. Should he catch as many as possible or return to dock before filling the boat with fish.
Do you agree or disagree with the statement which: A monopolist always charges the highest possible price.
Illustrate what kind of factors are contained in u. Are these likely to be correlated with level education.
There is a potential entrant, who needs to pay a sunk cost of f to enter in this market. Firms may produce any quantity that does not exceed its capacity.
You believe that there is an equally likely chance that this information will either double expected chances of finding a well, or inform you for certain that the area is not commercial.
increase because the total amount of human capital in the country will increase as the new owners learn how to farm.
Explain which it would not be optimal for Firm 1 to make the investment if there were no threat of entry.
James earned $10,000 in income in his new job in Nova Scotia after the move and his employer paid him $1,000 specifically to cover the cost of the move, but doesn't specify what it can be used for.
Decreasing returns to scale refers to a situation where an increase in a firm's scale of production leads to lower costs every unit produced.
Assume that the industry wants to expand and has to make some long-term capital budgeting decisions. Now the industry is confronted with government regulations to oversee the merger.
Racial also Ethnic Groups defines culture of poverty as a way of life which involves no future planning, no enduring commitment to marriage
Choose on which market structure that these businesses fit - monopolistic competition, perfect competition, and oligopoly also monopoly.
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