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what are heuristics how do they help the brain function list and describe three common heuristics and how they work
assume consumption is represented by the following c 400 5y also assume that planned investment i equals 100agiven
a bilateral agreement has enabled china and south korea to increase trade and increase in a trade deficit with the
social security was created as an ldquounfundedrdquo or ldquopay-as-you-gordquo plan explain how an ldquounfunded plan
what is the difference between diminishing marginal returns and diseconomies of scalea both concepts explain why
an important employment level is called full employmenta when is an economy said to be at full employmentb why is the
suppose that the investment demand curve in a certain economy is such that investment declines by 110 billion for every
marginal cost what is the difference between fixed cost and variable cost does each type of cost affect short-run
law of diminishing marginal returns as a farmer you must decide how many times during the year to plant a new crop also
explicit and implicit costs amos mccoy is currently raising corn on his 100-acre farm and earning an accounring profit
oregon has an income tax but no state sales tax while washington has no state income tax but does have a state sales
your employer allows you to purchase a parking permit with ldquopretax dollarsrdquo ndash that is you donrsquot have to
mr agirich of aggie farms must choose between two alternative machinery investment programs which will perform equally
the market for a box of pogrsquos is defined by qd80-p and qspa calculate perfectly competitive equilibrium consumer
consider the production function when needed for the following questions wage is 20 and rent is 10 justify your
a if labor and capital inputs are perfect complements in production but 4 units of labor are needed per unit of capital
suppose that an automobile costs 30000 in the united states and 25000 euros in france further suppose that the exchange
suppose all workers value their leisure at at 90 goods per day the production function relating output per day to the
a consumer has utility function given by ux1 x2 squarerootx1x2 suppose the price of good 1 falls from 5 to 2 while the
mr diamond expects to invest 1000 per year for each of the next 20 years in an investment plan that pays 10 per year
when the economy is in a recession expansionary fiscal policy can be used to stimulate and encourage economic growth
aerotron electronics is considering purchasing a water filtration system to assist in circuit board manufacturing the
in a two-factor two-good heckscher-ohlin context illustrate and explain the production effect of growth in the labor
signs of investor uneasiness in continuing to purchase treasury securities issued by heavily indebted sovereign states