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In 1988 the US gross domestic product (GDP) increased to $4.90 trillion at year end, from the 1987 year end level of 4.54 trillion in actual escalated dollar values. In the same year, the consumer price index rose approximately 4%. What was the constant (real) dollar percent increase in GDP?
a firm has the following production function q kl where q output l labour measured in person hours k capital
How does an increase in population affect potential real GDP? In your answer, be sure to mention the role played by the labor market.
a simple model of monitoring. a company consists of two kinds of employees tall and short. each person can work in
Jen left a job paying $75,000 per year to start her own florist shop in a building she owns. The market value of the building is $100,000. She pays $30,000 per year for flowers and other supplies
A researcher estimated that the price elasticity of demand for automobiles in the United States is -1.2, while the income elasticity of demand is 3.0. Next year, U.S. automakers intend to increase the average price of automobiles by 5 percent, and th..
The characteristics of the Perfect competition model are flawed by to many inaccuracies and offer little or no relevance to the real world
To what extent would increased government involvement with regard to fuel efficiency affect the behavior of manufacturers · To what extent would increased government involvement with regard to safety affect the behavior of manufacturer · ..
suppose your firm produces electricity by burning coal. currently it buys central appalachia 12500 btu per ton coal at
Compute the cash flow for the 20 years for the cogeneration system as an increment relative to the avoided cost of utility electricity and natural gas
a monopolists demand curve is p 400 - 2 q. his marginal costs are represented by mcm acm 40. solve for the
Calculate the price elasticities of demand for A and B at P=30, 20 and 10. How does the elasticity change as you move down the demand curve?
why cant all the balance of payments accounts be in surplus? what factors determine the demand for british pounds in
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