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Assume that the price of smartphones increased from $200 to $222 per unit. The manufacturer decides to supply 12,000 units instead of 10,000.
Calculate the price elasticity of supply.
Is supply elastic or inelastic?
Describe at least one factor that determines elasticity.
using appropriate graph explain your answers to following questions.a yesterday the current exchange rate was 1.05 u.s.
Write down the game table of this game. Does any player have a strictly or weakly dominated strategy? Is this game dominance solvable using IESDS?
A: what are four common phases of business cycle B: explain the causes of recent recession and when it started and when it technically ended. Finally why the recent recession was called the worst recession after the great depression.
Changes in the federal funds rate trigger a chain of events that affect other short-term interest rates, foreign exchange rates, long-term interest rates, the amount of money and credit, and, ultimately, a range of economic variables, including em..
Using the concept of opportunity cost, explain why in developed countries with higher average incomes there is more support for costly environmental controls.
You are given the following information about the personal computer (PC) industry: Find the NRP and the ERP. Show all calculations and formulas.
Write a one page response to the "U.S. regulators should enforce antitrust laws against the Microsoft Corporation."
Lets say the US plans to spend billions of dollars on a mission to Mars. List a few of the possible opportunity costs of the mission. What resources will be used to execute the mission, and what do we sacrifice by using these resources in a mission t..
Macroeconomics questions, discuss the short-run and long-run effects, Keynesian model, Distinguish between ongoing demand pull and ongoing cost push inflation.
What possible advantages to the consumer could there be in (a) TransCo having a monopoly over gas pipelines; (b) BGT remaining a monopoly in the supply of gas to domestic households?
there is persistent fear that there will be a high level of deflation. many economists warn that it may be worse for
How does the market adjust in the long run when firms are earning short-run economic profits? How does this affect the short-run supply curve?
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