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Consider the demand for Ramen noodles. Suppose the price of Ramen noodles decreases. If Ramen noodles are a normal good, this will produce a _____ (choose: positive/negative) substitution effect and a ________ (choose: positive/negative) income effect.
Analyze the reasons for and against the merger and assess the actual performance of the consolidated company against the pre-merger expectations.
To promote industrialization, import-substitution strategy has been adopted by developing economies to promote industrialization in the domestic economy. Provide 3 key advantages for adopting this strategy and 3 key disadvantages to the domestic econ..
q.bud owen operates buds package store in a small college town. bud sells six packs for off-premises consumption. bud
What is a production function Product. How are they related. Related to each or and to output Long- run. What are economies of scale.
Why is the debate between the international dependence and the neoclassical counter-revolution schools referred to as “finger pointing?”
The manager of an Electronic Corporation has estimated the total fixed and the total variable cost function for producing a particular type of camera to be: TVC = 60Q + 12Q2 TF = $1200 If the Corporation sells the cameras at a price of $60 each, how ..
If all firms, existing and potential new entrants, face decreasing industry costs in the long run under perfect competition, the industry supply curve will: Necessarily be upward sloping
The following six capital projects are considered for a manufacturing company and the project will end at the end of 10 years. The initial investments for the projects are 300k, 400k, 450k, 500k, and 600k. The annual return for these projects are 80k..
“Economic profits result whenever only a few large competitors are active in a given market.” Discuss this statement using an example for illustration. Response is due not later than midnight October 23.
Suppose you have an asset with the following cash flow and that you face a MARR of 5%. If your client asks for the "levelized cost" what number do you give them?
New classical economists believe that it is possible under certain circumstances for an increase in the money supply to lead to a decrease in real GDP in the short run.
What is the annual worth for option A if the initial cost is $100 and there is a uniform annual benefit of $10 for an infinite time frame? Interest rate is 8%. Do not put $ in answer.
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