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If the U.S. economy continued to grow at an average annual rate of about 3% how long would it take for real GDP to double?
Explain what must occur for the steady state to occur. Also explain what this implies about the rate of growth of output, output per worker, and the capital stock.
Compute the value of the marginal propensity to save. Compute the amounts of autonomous planned spending, Ap, when the interest rate equals 0, 2, 4, and 6.
What is the level of consumption when the level of income (Y) equals $10,000? Is there a surplus or deficit in the government budget at the equilbrium level of income? How much?
All sales and purchases are for cash. Beginning cash and the minimum cash balance are assumed to be zero. Construct a cash budget for the next 3 months.
what is the slope of indifference curve if a consumer is always indifferent between one additional grapefruit and two additional oranges.
What will be the impact on American Business, in terms of how businesses create value by integrating the production and distribution of goods, services, and information?
How is the transfer prices of an intermediate product determined when (a) there is not external market for the intermediate product.
Show that it would not be optimal for Firm 1 to make the investment if there were no threat of entry. Also show that it is optimal for Firm 1 to make this investment even though Firm 2 enters regard
What was the strategic rationale underlying JCB's entry into India in 1979, and China in 2005? Given that capital to fund expansion is limited.
Legally in default and you will receive $5,000." So, what happens? Form a payoff matrix for the two creditors. They have two strategies: "Accept" or "Reject" Jon's offer.
The supply of housing in order to get the market equilibrium rental price to fall to $1,750 per month? To $1,250 per month? To $750 per month?
Higher tax if you think the proposed $0.30 is not a good choice. However, find the best appropriate result for the gasoline tax policy.
Suppose that there is an increase in the number of ATMs in service. What are the effects of this innovation on the demand for money and on the price level?
The schedule below illustrates their production possibilities. Determine if the total output of the two could be improved; i.e. who should specialize in hairstyling, and who should specialize in
How is the scorecard being used at USM&R? Is it a performance measurement system or a management system? Explain.
If the perfectly competitive market supply of pork bellies shifts from QS,93 = 250 + 50P to QS,94 = 400 + 40P, and the market demand is given by QD = 10,000 - 200P, then the change in equilibrium p
LA Fatness starts the first Fatness Club in town. What is the optimum price and membership quantity? What is the profit of the business at the optimum solution?
Compare potential profits from these two pricing strategies, one price for all and two different prices for local and out of town customers and discuss reason for the differences.
Discuss the merits of these two different goals. Do you think that one goal would be favored over the other from behind a Rawlsian veil of ignorance?
Now assume that the price elasticity of demand for U.S. exports equals 2.50 and the price elasticity of demand for U.S. imports equals 1.80. Does this change the outcome? Why?
What would be the effect on D' if the fixed costs were decreased by 10% and the variable cost per unit were increased by the same percentage.
Assume that the central bank implements a monetary expansion that is fully anticipated by financial markets. This fully anticipated monetary expansion will cause which to occur?
What do you think will cause market fluctuations over the next few years as the economy struggles to recover. What areas of the economy should be closely watched as indicators of future activity?