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Recall the Application about the size of Walminus−Mart to answer the following? question(s). During? 2008, Walminus−?Mart's sales were approximately? $374 billion, or roughly 2.6 percent of U.S.? GDP, and its cost of sales was? $286 billion. According to this? Application, what was the approximate value of Walminus−?Mart's value added in? 2008? A. ?$88 billion B. ?$ 286 billion C. ?$ 374 billion D. ?$ 661 billion
Mike finds a Coke machine in an abandoned part of town and is extremely thirsty; The coke machine requires exact change- Two quarters and a dime. No other combination of coins will make anything come out of the machine. Draw a graph that illustrates ..
How an airline executive might use tourism economics relating to passengers load factors, ticket prices discounts, frequent flyers programs, joint fares, flight frequencies.
Suppose that average household in a state consumes 800 gallons of gasoline per year. A 20-cent gasoline tax is introduced, coupled with a $160 annual tax rebate per household. Will household be better or worse off under new program.
Volumetric oil reservoir with pressure dropped from 2000 psi to 1000 psi with 30 MM STB oil was produced. Gas oil ratio was 900 Scf/ STB at 1000 psi , while the current gas oil ratio is 2200 scf/STB . Porosity= 20% , Sw= 0.15 .the temperature of the ..
Currently there are 2.9 workers for every retiree. Average salary is $50,000 and average benefits are $15,000. What is the average tax rate consistent with a pay-as-you-go system in equilibrium? n her novel “Sense and Sensibility”, Jane Austen wrote,..
Assume that we care about the average welfare of individuals in Indian villages, i.e., we put equal weight on each individual's utility.
A struggling company currently has a total value of $700,000. It owes $500,000 from debt financing (assume these are loans from the bank if you wish). The value of the company to the owners is the difference between the total value and the amount owe..
Dave’s Dogs is a firm that originally sold hotdogs and soft drinks from a cart located in front of City Hall. Then Dave purchased another hotdog cart and hired someone to sell hotdogs and soft drinks near the high school. Both locations have been suc..
The marginal product of labor is 10 and the marginal product of capital is 20. If the wage rate is $10 and the price of capital is $5, is the firm using the right balance of capital and labor? Explain why or why not. If why not, which input should th..
Suppose the price of bippitybops is currently $120 per bippitybop, shown as point A on the initial graph. Because the price elasticity of demand between points A and B isinelastic , a $15-per-bippitybop decrease in price will lead to NO CHANGE? in to..
List and describe the four types of unemployment. Using the expenditure approach, give an equation for GDP. Now explain it. If the CPI for 2006 was 170 and the CPI for 2007 is 204, what is the current inflation rate?
Three arguments used to promote trade barriers are the national security argument, the infant-industry argument, and the dumping argument. Explain each of these arguments and evaluate whether each one has any flaws
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