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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.
What is the smallest deductible that will encourage ABC to institute the fire prevention program?
Find the firm's profit-maximizing output and price. What is its profit? Do you agree with either manager? What optimal price would you set?
Show on a graph the effects on the market for capital services. What happens to the equilibrium level of capital and interest rate?
Consider a balanced growth path along which output and capital grow at the same constant rate gY = gK. What is the growth rate of output?
Calculate the total explicit cost, total implicit cost, total economic cost, and total economic profit for Beckham in opening the Man-U shop.
Which economies that are major trading partners of the United States are presently in slowdowns? How long do you think that situation will last?
What is the profit-maximizing quantity of labor? If the price of capital is $4, what is the maximum profit?
How much did the unemployment rate change approximately? What is the unemployment rate equal to?
Your graphs should demonstrate both how work becomes more difficult as you age as well as the increasing potential pension benefits as you age.
Drtermine households' disposable income, consumption and savings with perfect consumption smoothing.
What are the 4 major environments factors of business? What is the Different between free/planned markets?