Levels of output and levels of labor input
Productivity often rises during economic expansions and falls during economic recessions. Can you think of reasons why? Briefly explain. (Hint: Remember that the level of productivity involves both levels of output and levels of labor input.)
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Explain the decline in deficits and subsequent surpluses in the late 1990's. Explain the return to deficit spending since the turn of the century.
Cost of equipment 20,000, accumulated depreciation 12,500. If the partner deemed the market value to be 9,000 how much will be debited to the equipment account?
Hot-rolled channel steel against five other bidders. Your company values the three tons of channel steel at $12,000. What is your optimal bid?
Inc. had gross receipts from operations of $230,000, operating and other expenses of $310,000, and dividends received from a 45 percent-owned domestic corporation of $120,000. Hoover's tax position for the year is:
What are the new equilibrium price and quantity? How much of the tax is borne by consumers and how much by producers? What is the new CS and PS? What is tax revenue?
Total Manufacturing cost for the month of Feb at Shilka Manufacturing corporation was $345,000. The following changes occurred in Shilka inventory accounts during Feb:
Valentines Restaurants has a monopoly in the town of Palmerston North. Its production function is Q = 10L, where L is the amount of labour it uses and Q is the number of meals produced. In order to hire L units of labour, Valentines must pay a wag
Your grandparents tell you that in 1960 they paid $0.35 for admission to a movie. The price index in 1960 was 30. The price index today is 171. What is the price your grandparents paid in today's dollars?
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