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Write a program that prompts for a date (month, day, year) and reports the day of the week for that date. It might be helpful to know that January 1, 1601 was a Monday.
All else held constant, the choice whether to use labor intensive production process or capitla intensive one depends on; 1. whether the compnay is growing or shrinking. 2. the relative prices of capital labor 3. the type of market in which the firm ..
How aggressive should Siemens be in pursuing these new technologies? Is it better to be a first mover and set the standard, or let other firms take the initial risk and then capitalize on their discoveries?
Suppose you are given the following Total Product Function: Q=100 K^3/2 L^4/2 M^4/7 ,where Q is total output or units produces; K, capital; L, labor and M, materials.; that is, this is a input factor production function. Take the log of the above fun..
In the market for foreign-currency exchange in the open-economy macroeconomic model, which of the following does the amount of net capital outflow represent?
A television manufacturer had claimed in its warranty that 10% or led of its television set needed any repair during their first two years. A government testing agency selects a sample of 100 sets and finds that 14 required repair during the first tw..
Plot each of the following scenarios on a qualitative graph with aggregate demand, short-run aggregate supply, and long-run aggregate supply. Measure the aggregate price level (P) on the vertical axis in your graphs and measure real GDP (Y) on the ho..
New York University is one of the most “liberal” law schools in the country. However, in spite of the political leanings of the faculty and the students, the vast majority of its law graduates enter lucrative large firm law practices, not public inte..
Use the Solow model to work out the consequences of a one-time decrease in the total stock of capital (KT ) due to, for example, a natural disaster without loss of life. What happens to capital per worker over time? What about output and consumption ..
Which of the following is FALSE? select one current account deficits must be financed through inflows of capital Loans from abroad add to a country's stock of external debt and generate debt service Borrowed funds are always used in a manner that con..
What are the four phases of the business cycle? Why is it difficult to distinguish between frictional, structural, and cyclical unemployment? Why is unemployment an economic problem? What are the consequences of a negative GDP gap? What are the nonec..
Identify two federal government programs that you would definitely change. Explain why and how you would change them. What would be the marginal benefits and marginal costs of each changed policy TO YOU? What would be the marginal benefits and margin..
How can large companies afford to lower the price of goods in a competitive market? A company’s ability to raise its price without losing its entire market is an example of market power. One of the most important of these is economies of scale. • How..
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