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A farmer sells cotton to a clothing company for $1,000 and the clothing company turns the cotton into T-shirts that it sells to a store for a total of $2,000. How much did GDP increase a result of these transactions?
Business Economics, Economics
Imposing a tariff leads to the existence of two deadweight triangles, which are the Consumption distortion and Production distortion losses. It is easy to understand why consumption distortion constitutes a loss for soci ...
First two questions, Demand: Q d = 175-.5*P Supply:Q S = 1.923*P - 163.462 There is a $50 unit tax on the supplier side. what is the new equilibrium price? I know the new price is 179, looking for the formula explainin ...
What do you recommend that a company do to prevent and/or solve subscriber uncollectable issues?
Suppose that Third National Bank has reserves of $20,000 and check able deposits of $200,000. The reserve ratio is 10 percent. The bank sells $20,000 in securities to the Federal Reserve Bank in its district, receiving a ...
Forty-nine percent of US teens have heard of a fax machine. You randomly select 12 US teens. Find the probability that the number of these selected teens that have heard of a fax machine is exactly six (first answer list ...
Marketing research company desires to know the mean consumption of milk per week among people over age 32. A sample of 440 people over age 32 was drawn and the mean milk consumption was 3.4 liters. Assume that the popula ...
What are the characteristics of perfect competition, and does is exist in the real world?
Assume student employees at wmu make an average of $12 an hour with a standard deviation of $3. Assuming these hourly wages are normally distributed. What is the chance a randomly selected student employee makes more tha ...
Garber and Skinner suggest that the large per capital health spending in the US (and relatively low returns to health) are due to productive and allocative inefficiencies. Which inefficiency (if either) do you think char ...
Soma needs loan from Para. Soma needs $14,400 and Para agreed to lend the $14,400 if Soma makes one payment to Para in the amount of $18,000, to be paid four months from now. What is the EAR on this loan?
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