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A local pizzeria hires college students to prepare pizza, wait on tables, take telephone orders, and deliver pizzas. For each situation described, determine whether the demand for student employees
Having just completed the same course in economics, you try to explain to your friend that economics affects everyone! How would you explain to this person that economics is a daily part of his pers
Explain what happens the the official measure of GDP in each of the following situations:
What is the profit-maximizing level of price and quantity for this monopolist? What will profits be at this price and output level? If the government imposes a franchise tax on the firm of $10, wha
What did this assumption imply about the self-correcting tendencies in an economy in recession? What disagreements did Keynes have with classical economists?
Which of the following best describes the response of output as time passes to an increase in the saving rate?
A company 3 years ago borrowed $40,000 to pay for a new machine tool, agreeing to repay the loan in 100monthly payments at an annual nominal intrest rate of 12% compounded monthly. The company now
Determine the equivalent present worth of building and operating the system with interest of 10 percent over 30-year life.
What best depicts these events on the market for recycled materials? Price remained constant.
If the economy currently has a frictional unemployment rate of 2 percent, structural unemployment of 2 percent, seasonal unemployment of 0.5 percent, and cyclical unemployment of 2 percent, what is
This solution discusses what the supporters of globalization celebrate. With regard to consumerism, immigration, and nutrition, it also offers examples.
A monopolist has a constant marginal and average cost of $10 adn faces a demand curve of Qd = 1000 - 10P. Marginal revenue is given by MR=100 - 1/5Q. Calculate the monopolist's profit-maximizing qu
Constant annual operationg and maintenance costs of the circuits are 8 percent of the first cost . The average life of a circuit is 20 years. The required rate of return on such investments is 10 pe
Which of the following is evidence of a surplus of bananas?
Draw a diagram to show the effect of the advance in technology in the market for loanable funds. Draw a diagram to show the effect of the advance of technology in the labor market.
Using the following schedule, define the equilibrium price and quantity. Describe the situation at a price of $10. What will occur? Describe the situation at a price of $2. What will occur?
Construct a decision tree to help analysis this problem. (Use MS Excel). What should the medical professionals do?
Explain why domestic producers who supply a good that competes with imports would prefer an import-substitution approach to trade rather than an export promotion approach. Which policy would domest
How does global economic competition impact the price elasticity in the domestic market and decisions related to the strategy a firm uses to compete? Why do most economists oppose trade restriction
How can each of the 10 principles be applied in an example or experience with which you are familiar? How do you intend to use your newfound knowledge in future economic decisions?
Give an example of the income effect and the substitution effect in regards to the supply of labor. What is the opportunity cost of work in this case?
Describe Human Capital Theory and how critical investments in human capital are thought to have a positive impact on poverty levels in the U.S. and other countries
If the capital gains tax is on nominal gains, calculate how much tax Sally pays on her gain. Calculate Kelly's capital gains if the tax is on real gains.
In a simple economy suppose that all income is either compensation of employees or profits. Suppose also that there are no indirect taxes. Calculate gross domestic product from the following set of
Be sure to identify specific retail companies that conuld potentiall sell CPI"s products, the markets that would be attractive and some of the financial economic considerations