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What was national income (NI) for 2008? What does national income tell us? What is the difference between GDP and NI? How has NI changed since 2008? What caused these changes?
What is being held constant when the supply curve is constructed for a specific good like pizza of automobiles? Explain why the supply curve for a good slopes upward to the right.
How do you think the size of marginal costs of newspaper production compares to the size of average total costs? Explain your reasoning.
Equipment initial cost $ 500,000 Equipment salvage value $ 25,000 Annual gross income $ 300,000 year 1 Income gradient years 2 - 5 $ 25,000 Annual gross income $ 400,000 years 6 - 20 Annual operating expenses $ 160,000 first 10 years
the demand function for newtons donuts has been estimated as followsqx -14 - 54px 45py 0.62axwhere qx represents
Using suitable diagrams and appropriate assumptions, Describe why two indifference curves cannot intersect.
Are we in a recessionary or inflationary gap? Neither? Are we in a deep recession? Are we in a large inflationary gap? If we are in neither, what direction (recession or inflation) is the economy headed in your opinion?
As a two-stage game using a game tree with Company B going first. Solve this game and identify the Nash Equilibrium and does either Company have a first-mover advantage?
A corporate expects to receive $34,688 each year for 15 years if a particular project is undertaken. There will be an initial investment of $122,261. The expenses associated with the project are expected to be $7,426 per year.
Suppose that survey measures of consumer confidence indicate a wave of pessimism is sweeping the country. If policymakers do nothing, what will happen to aggregate demand? Explain what the Fed should do if it wants to stabilize aggregate demand. I..
how do you think financial ratios differ across different industries? compare two industries of your choice and select
which of the following have traditionally been considered natural monopolies?a. public universitiesb. public golf
How would population growth effect the dynamically efficient allocation, given the model in the second period has a higher demand for the depletable resource. What effect would the addition of population growth have on the efficient allocation.
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