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What are the advantages and disadvantages of consumer interviews and market experiments? Please state sources.
What amount will be required to purchase, on an engineer's 40th birthday, an annuity to provide him with 30 equal semiannual payments of $1000 each.
What is the equivalent annual worth of the maintenance costs at an interest rate of 10% per year, compounded semi-annually?
Why is government's budget (aand debt)) different than household budget (aand debt)) according to Hei lbroner and Thurow (CCP - 3))?
State two goods you like to purchase together. (Example: pizza and pop). What is the marginal rate of substitution for these goods?
What are educational vouchers and what are the disadvantages of them? What are the possible ways of overcoming those disadvantages?
She asks you why the firm pays its administrative assistants (secretaries) an hourly wage instead of piece rates or a percentage of the firm's profits.
Discuss what is the profit maximizing output level? Is this firm is making a profit or loss at profit maximizing output level? Explain.
If the firm's daily output remains at 52 units, what price will it be able to charge? What will be its economic profit?
Compute the CPI for the year of 2011 and 2012 respectively. Using GDP deflator derived in part (c), compute the inflation rate in 2012.
How many rooms could be painted by one worker? If a decision were made to sand two floors, how many painted rooms would have to be given up?
If the local marginal propensity to consume is 0.75, by how much has decreased investment spending reduced local gross domestic product and income?
The State of Louisiana has announced that it will cut 800 families in Bayou San. By how much will local GDP be reduced by this reduction in transfer payments?
If local GDP was $506 mil before those changes, by how much, in dollar figures, would local GDP now have to increase to reach the full employment level?
By how much will local GDP increase as a result of the increase in crawfish sales?
Why do firms typically not earn economic profits in the long run? What would allow a firm to earn economic profits in the long run?
What likely impact will the new Shale oil fields in New York and Ohio have on the economic viability of this proposal?
Explain how a further impact via the spending or fiscal multiplier will be achieved and whether it depends on type of grant (i.e., block vs. matching grants)?
What does ambulance restocking mean and who pays for it? How can fraud and abuse problems result?
Can you show the normal-form representation of this game? What happens to the equilibrium price as n approaches infinity? Is this familiar?
A water treatment plant is considering implementing new treatment technology. Using a real discount rate of 5 percent, which project offers larger net benefits?
According to your textbook in the Aggregate Supply (AS) theory. What is the assumed causality? Explain why this should be considered flawed?
With an average price of P = $15, what is the maximum fee the commission could charge? How many taxis would serve the market?
You are interested in buying a used car that costs $15,000. Determine the uniform annual cost for this car if it is kept for 6 years.
Calculate the labor force and the labor-force participation rate. Calculate the number of unemployed and the unemployment rate.