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American smoke 470 billion cigarettes and the average price per pack was $2. If the price elasticity of demand is -0.4 and price elasticity of supply is 0.5, compute the demand and supply linear equation.
Compute the net present value using the numbers provided. Assume that annual cash flows occur at the end of the year.
Draw the production possibility curve and a. Define consumer surplus and producer surplus.
Describe the slope of the isocost and isoquant curves, and hence derive a relationship between the productivity of capital and the productivity of labour.
English is becoming the usual language for international transactions, even if the language of neither country is English.
Studies Explain how among which of the delivery curve bananas have shifted. All of the subsequent could be possible explanations for the shift except one. Which is the exemption.
Assume that the marginal cost of providing lockers is zero as well as the monthly demand as well as for lockers is estimated to be best described.
If the economy is competitive so that factors of production are paid the value of their subsidiary products, what is the share of total income that will go to land.
Assuming that wheat and barley both sell for $1, and income is $20, compute the price elasticity, cross price elasticity and income elasticity for wheat."
illustrate the effects of capital formation by comparing the production possiblility curves at the present time and ten years in the future.
Explain how does economists distinguish between the absolute and relative sizes of the public debt.
Consider what you have learned about the root causes, as identified by leading economic thinkers and policymakers.
If the firms could collude also agree on Elucidate how to split the total profits illustrate what outcome would they pick.
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