Suppose an economy consists of the coal, electric, and steel sectors. denote the prices (that is, dollar values) of the total annual outputs of the coal, electric, and steel sectors by p subscript upper cpc, p subscript upper epe, and p subscript upper sps, respectively. suppose the general solution to find equilibrium prices that make each sector's income match its expenditures is p subscript upper cpcequals=0.820.82p subscript upper sps, p subscript upper deepequals=0.840.84p subscript upper sps, and p subscript upper sps is free. one set of equilibrium prices for this economy is p subscript upper cpcequals=$8282, p subscript upper p equals=$8484, and p subscript upper spsequals=$100100. find another set. suppose the same economy used japanese yen instead of dollars to measure the values of the various sector's output. would this change the problem in any way

Which of the following accurately describes one way that individual goods differ from public goods? a. people can be excluded from using individual goods if they don't pay. b. all individual goods are normal goods. c. demand for individual goods is always inelastic. d. consumer rivalry results in decreasing marginal utility for individual goods.2b2t

8. agreement and disagreement among economists suppose that bob, an economist from a university in arizona, and cho, an economist from a public television program, are arguing over saving incentives. the following dialogue shows an excerpt from their debate: cho: i think it's safe to say that, in general, the savings rate of households in today's economy is much lower than it really needs to be to sustain an improvement in living standards. bob: i think a switch from the income tax to a consumption tax would bring growth in living standards. cho: you really think households would change their saving behavior enough in response to this to make a difference? because i don't. the disagreement between these economists is most likely due to . despite their differences, with which proposition are two economists chosen at random most likely to agree? rent ceilings reduce the quantity and quality of available housing. immigrants receive more in government benefits than they contribute in taxes. having a single income tax rate would improve economic performance.

cranium, inc., purchases term papers from an overseas supplier under a continuous review system. the average demand for a popular mode is 300 units a day with a standard deviation of 30 units a day. it costs $60 to process each order and there is a five−day lead−time. the holding cost for a paper is $0.25 per year and the company policy is to maintain a 98% service level. cranium operates 200 days per year.what is the reorder point r to satisfy a 98% cycleminus−service level? a. greater than 1,700 unitsb. greater than 1,600 units but less than or equal to 1,700 unitsc. greater than 1,500 units but less than or equal to 1,600 unitsd. less than or equal to 1,500 units