Saving is S, investment is I, net taxes is NT, government expenditure is G, exports is X, and imports is M. Using these symbols, what is the relationship among the saving, investment, net taxes, government expenditure, exports, and imports?
What will be an ideal response?
The relationship is that (X - M) = (S - I) + (NT - G), or net exports equals the private sector balance plus the government sector balance.
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Based on the figure above, curve C is the firm's
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HK Sweaters, Incorporated employs labor at a wage rate of $12 per hour and rents capital for$30 per hour. At its current level of labor and capital, the marginal product of labor is 24 and the marginal product of capital is 60
Is the firm currently maximizing profit? Explain.
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Laronda went into the business of producing and selling greeting cards. For this business, which of the following is likely to be a fixed cost?
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