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What effect, if any, does each of the following events have on the price elasticity of demand for corporate-owned jets? a. Reduced corporate earnings lead to cuts in travel budgets and increase the share of expenditures on corporate jet travel. b. Further deregulation of the commercial airlines industry substantially increases the variety of departure times and destinations offered by commercial airlines. c. The cost of manufacturing corporate jets rises. d. A new, much more fuel-efficient corporate jet is introduced.
Assume the value of equilibrium real GDP is $800 billion dollars. Assume the government increased spending by $20 billion dollars to increase real GDP.
Elucidate how much labor should the firm employ. What is the resulting output and profit.
What is the effective rate of protection for the automobile industry in country A, if there is a tariff of 25 percent on imported automobiles and a tariff of 50 percent on imported inputs used in this industry.
Please explain each effect of the three effects also explain the downward slope of the aggregate demand-aggregate supply model: Real-balances effect, interest-rate effect, and foreign-purchases effect.
We want to consider elucidate how a change in the U.S. money supply affects interest rates. On all graphs label initial equilibrium point A.
Using two-stage least squares, estimate the demand equation in GRETL. Using two-stage least squares, estimate the supply equation in GRETL.
Illustrate what is the risk premium on the market. Illustrate what is the required return on an investment with a beta of 1.5.
Assumptions make the nation easier to understand because they simplify reality and focus our attention.
Use your own example in order to illustrate these concepts. Can the marginal utility from a product be negative? If yes, give an example.
The production function is Q = L^0.25*K^0.25 and the respective unit input prices for L and K are w=4 and r=9. Derive the long-run least cost as a function of Q, and derive the marginal cost and average cost to characterize the shape of the total ..
Explain how much of input 2 does it use. B) What is the most that it is willing to bribe an inspector to allow it to use another unit of input 1.
Discuss at least two alternative measures of national welfare that have been put forward? What are the primary strengths and weaknesses of these alternatives and discuss at least two alternative measures of national welfare that have been put f..
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