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1. Which of the entries in List 1 are consumption goods and services and which are government goods? Explain your choice.
2. Which of the entries in List 1 are capital goods? Explain your choice.
3. Which of the entries in List 1 are factors of production? Explain your choice.
a. Set up the constrained maximization problem, and derive the firsr-order conditons. b. Derive the demand for X and Y. c. Derive the price elasticites of demand. Do the demands obey the law of demand
When to Use the Principle of Diminishing Returns? You are the manager of a firm that produces memory chips for mobile phones.
In the Keynesian cross, assume that the consumption function is given by: C=200+0.75 (Y-T). PLanned investment is 100, government purchases and taxes are both 100. a. Graph planned expenditure as a fraction of income. b. What is the equilibrium lev..
What parts of the continental United States today were not part of the U.S. in 1783? What countries claimed these lands (specify which country claimed which part) beyond U.S. borders in 1801?
Why is real GDP targeting the riskier of the two strategies?
What is the rate of change of concentration after 1 hour? After 5 hours?
An investor bought 100 shares of Omega common stock for $9000. He held the stock for 9 years. For the first 4 years he received annual end-of-year dividends of $800. For the next 4 years he received annual dividends of $400.
A small business that has taxable income of less that $50k purchases a machine for $10k. The machine yields an annual benefit of $5k over its 5-year life. Is the after-tax rate of return for this item closer to 5% or 12% Assume a straight-line de..
How effective have structural adjustment policies been
Economic growth, as examined through raise in real GDP per capita, is a target for most countries. This is often interpreted as an raise in economic welfare for citizens.
In other words, we could realize substantial economies of scale. Therefore, the government should allow the merger. In light of the new guidelines concerning mergers, how would you react to this statement?
Assume that the federal government increases spending on public works programs, such as highway construction, by $40 billion. How does this change in spending affect the aggregate demand curve Explain why the shift may be higher or lower than the ..
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