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A household allocates its $2,000 monthly income to the purchase of three goods. Prices of these goods are $30, $40, and $20 per unit.
(a) Write the household monthly budget constraint.
(b) If this household purchases 40 units of good three each month, write its budget equation and graph it. What is the slope of the budget line?
Discuss a team project in which you participated. Was there a WBS? If so, what was your experience? If not, share how the project could have been improved by using this approach.
An asset is expected to be used in a project that will last 5 years. The MACRS property class for this asset is 3 years. If B = 10,000 and S = 3,000 at the end of year 5, determine the depreciation schedule.
Five Companies sell pez candy and differentiate in terms of customer service and flavors
1.product meansa all the services needed with a physical good.b a physical good with all its related services.c the
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Explain the sources of economic inequality (‘the gap') between indigenous and non--indigenous Australians and discuss an economic strategy that you think would help to close the gap.
What were the reasons for the deficits during those time periods and how does a government budget surplus affect the U.S. economy?
Suppose a firm is producing 1,000 units of output. Its average fixed costs are $100. Its average variable costs are $50. What is the total cost of producing 1,000 units of output?
Suppose that a lottery winner deposit $20 million in cash into her transactions accounts at the Bank of America (B of A). Assume a reserve requirement of 25% and no excess reserves in the banking system prior to deposit.
thomas malthus argued that capitalism was unstable due to booms and busts in the economy and so he wanted to see more
What problems of moral hazard and/or adverse selection arise in your dealings with each of the following? In each case, outline some appropriate incentive schemes and/or signalling and screening strategies to cope with these problems.
Explain and show graphically how this market would be affected if there is an increase in the number of dairy farmers that produce hormone-free milk and at the same time south african consumers choose to be more healthy
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