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Consider the choice between leisure and consumption that an individual faces.
What do you feel? Is it the reluctance of Chinese Government to hand over economic power to multinationals, thereby allowing redistribution of resources to weaker areas?
What is the initial effect of the tax reduction on aggregate demand? What additional effects follow from this initial effect? What is the total effect of the tax cut on aggregate demand?
Draw a circular-flow diagram. Identify the parts of the model that correspond to the flow of goods & services & the flow of dollars for each of the following activities.
He runs a one-way Analysis of Variance in Excel and obtains the following partial output. Using the data from the excel output, test whether the mean yields are different.
Suppose the cookie producers create a positive externality equal to $2 per dozen. What is the relationship between the equilibrium quantity and the socially optimal quantity of cookies to be produce
What should Paul (the director of Human Resources) do to determine how Plastec (a plastic manufacturing company) compares with other area employers in terms of wages and benefits?
Explain what you can do, if the best technology was used to produce the components of the system, to achieve the .99 reliability. Please provide step by step solution/explanation.
An hour and is scheduled to index their wages today. If the CPI is currently 130 and was 125 a year ago, the firm should increase the hourly wages of its workers by?
Graph these market conditions and identify the equilibrium price and sales. Now suppose that foreigners enter the market, offering to sell an unlimited supply of CDs for $7 apiece. Illustrate and ide
Suppose that the substitution effect of an increase in the wage rate exactly offsets the income effect as the hourly wage increases from $12 to $13. What would the supply of labor curve look like ov
Vivian will practice Suppose Vivian has the property rights to make as much noise as she likes. How many hours will Vivian practice? Who gets how much money?
An economy begins in steady state with an investment rate of 20 percent, a corporate tax rate of 25 percent, a real interest rate of 2 percent, a depreciation rate of 7 percent, and a price of capi
In return, the new gates would be designated for the exclusive use of Gotcha. What trade-offs are associated wih accepting Gotcha's offer. Note: Gotcha Airlines is the only airline now serving the c
Briefly explain why airlines might be more likely to match price cuts than price increases. Which model of oligopoly pricing best describes this situation?
As a result of increased tensions in the Middle East, oil production is down by 1.21 million barrels per day-a 5 percent reduction in the world's supply of crude oil. Explain the likely impact of th
One year ago, you bought a bond for $10,000. You received interest of $400 at the end of the year, as well as your $10,000 principal. If the inflation rate over the last year was five percent, calcu
Assume that each firm can buy only one license. What is the maximum amount you would be willing to pay for the license? Show calculations
Is there anything that can point us towards an equitable solution to this problem while still protecting the environment we all share? What is that solution?
If monies added to, or subtracted from, the Social Security trust fund were excluded from Federal budget calculations, the current Federal budget:
Each additional music store will decrease the price of books by $2 per book and increase the average cost of selling books by $1 per book. Predict the equilibrium number of books stores.
Derive an expression for the magnitude of deadweight loss that is a function of the tax rate, the elasticity of demand, quantity and price for an supply curve with an infinite elasticity
Accrue in the amount of $16 million at the end of each year beginning in three years' time. Find the net present value of this investment project given an interest rate of 9%.
Suppose the short-run marginal and average variable cost curves for a perfectly competitive firm are given by
Make a case for this type of evaluation based on the informativeness principle. What problems may be encountered from implementation of such a system?