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Suppose that in 2001, the price of roses was $45 per dozen and 96,000 dozen were sold in Ohio. In 2002, the price of roses was still $45 per dozen, but total sales increased. Adjust the following graph to show the changes in the market between 2001 and 2002.
If David's only illness this year results in an appendectomy, explain how many days will he choose to stay in the hospital.
Calculate the firm's optimal output and profits if prices rise to $65 per unit and also calculate equilibrium output, price and profit levels if the firm is typical in its industry.
Imagine you are a manager for the good or service used above. From the results of the regression equation, suggest strategies to either maintain demand.
Explicates how the factors determining resource demand differ from those determining product demand.
illstrate the effect of capital formation by comparing the prodution pissibility curves, at the present time and ten years in the future,for tow economies, one with the high and the other with the olw rate of capital formation.
Suppose the government intends the tax to reduce the consumption of some goods for example, cigarette or chewing gum. Illustrate what will determine the effectiveness of the tax in reducing consumption
Why does the assumption of independence of risks matter in the examples of insurance.
Find the equilibrium price and quantity after the shift of the demand curve.
Why Is government intervention needed for our economy to run well. If Xavier keeps the tutor until his grade actually begins to fall, his marginal utility will be.
Elucidate why is private property also protection of property rights, so critical to the success of the marketplace system.
Bud has very limited store space and has decided to limit his product line to one brand of beer, choosing to forego the snack food lines that normally accompany his business.
Compute the price elasticity of demand for TV Plasmas. Explain how could we classify the demand for TV Plasmas.
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