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1. What is the relationship between fiscal changes and the multiplier effect? Why does a balanced budget tend to stimulate the economy?
2. When might more government borrowing be inadvisable?
Define the term degree of relationship. Give an example, other than one used in this text, of a relationship greater than degree two.
Describe an algorithm for solving the shortest path problem with these turn penalties and apply it to the shortest path example in Figure 4.15(b). Assume that α = 5.
An office receives 20 faxed orders every two hours. What is the probability that it will receive 8 orders in the next hour What is the probability that an order will be faxed within the next 9 minutes What is the probability that more ..
(1)Suppose a firm produces and sells its output at $38 per unit, in what market is such a firm operating (2)Determine the economic capacity of the firm in part(1) if the firm's total cost function is TC(Q)=40Q-2Q2 +0.5Q3
Twenty-six observations are used to obtain the following regression results: DEPENDENT VARIABLE: LNY R-SQUARE F-RATIO P-VALUE ON F OBSERVATIONS: 26 0.3647 4.21 0.0170 VARIABLE PARAMETER STANDARD ESTIMATE ERROR T-RATIO P-VALUE INTERCEPT 2.9957 0.3545 ..
A local video store estimates their average customer's demand per year is Q = 7 - 2P, and knows the marginal cost of each rental is 50 cents. How much should the store charge for each rental if it engages in optimal two-part pricing
A horizontal 2 cm OD tube is maintained at a temperature of 27°C on its outer surface. Calculate the average heat transfer coefficient if saturated steam at 6.22 kPa is condensing on this tube.
Hernandez Corp. uses two variable inputs, X and Y, to produce its final product, canoes. Its engineering department has estimated the marginal product functions for inputs X and Y as follows: MPx = Y/X MPy = 4 X/Y Where X and Y denote, respectivel..
Suppose the market for semiconductors in the U.S. is characterized by: Qd = 200 – 40P [Demand] Qs = 40+ 40P [Supply] The market for semiconductors in the rest of the world is characterized by: Qd = 160 – 40P [Demand] Qs = 80 + 40P [Supply] Suppose th..
Do you think that advertising people believe that one of these forms of advertising can substitute for the other. Data: (10.3,17.7), (8.9,16.5), (7.6,14.8), (4.1,8.2), (2.8,5.7), (1.8,3.7).
A monopolist faces a demand curve given by P = 70 - 2Q, where P is the price of the good and Q is the quantity demanded. The marginal cost of production is constant and is equal to $6. There are no fixed costs of production.
The U.S. Army Corps of Engineers is considering the feasibility of constructing a small flood control dam in an existing arroyo. The initial cost of the project will be $2.2 million, with inspection and upkeep costs of $10,000 per year.
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