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Buddy operates a handyman business performing various home repairs and renovations. Buddy is successful and has enough loyal customers to keep him busy, along with at least two workers. Buddy occasionally rents out some of his small equipment to other handymen and clients.
Buddy also purchases homes that need renovation and then rents or sells the properties, depending on the market. Most of the homes he owns are heavily mortgaged.
Buddy and his wife own a house, in which they have a reasonable amount of equity. Buddy’s wife handles the books for the business.
If from 1980 to 2005, the average growth rate of aggregate output for the economy of Groland was 4.5 percent, while over the same time, Groland's population grew an average of 2.0 percent per year, and then aggregate output per person grew at an aver..
What combination of capital and labour should it use to produce and what would be the cost of production
What is significant about the connection between the demand for goods and market failures? What happens to the demand for goods when a market fails
A company is manufacturing output in a competitive market, where demand is P = 24 - 2Q. Describe the nature of the market failure and derive Pareto optimal level of output.
be sure to explain what you are doing and show your work in the numerical problems and provide a brief but complete
Suppose the inflation rate is 5%. Suppose the marginal product of capital in a firm is 8% but that in the course of production, 6% of capital is worn out by depreciation. What is the nominal return associated with an investment in capital, and why..
suppose that in an attempt to raise more revenue nobody state university increases its tuition. will this necessarily
1. suppose a consumers preferences are represented by the utility function u minx4y. the price of y is py 2 and the
If interest rates, opportunity costs of investment, happened to be the same in both emerging-economy nation and developed countries, what could account for faster upward shifts in the latter group’s planned investment functions?
A consumer’s utility function is U(x, y) = 2xy2 . The price of x is Px, theprice of y is Py, and the consumer’s income is I. (x and y do not have to be integers.)a) Derive the equation of the consumer’s demand curve for x.b) With y on the vertical ax..
discussion forum economic colleagues first pick one of the following explain two effects of an open economy on monetary
Given your answer above, explain whether, all else equal, the supply of the IRP increases, decreases, or remains unchanged. Explain the reason for your answer and depict it on your graph above.
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