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Econ 111: Principles of Economics - Accelerated Treatment - Quiz 1
1) For each of the following draw a separate demand or supply graph that illustrates the likely effect on the market for air-travel for United Airlines:
a) After September 11, people have become more scared of flying.
b) Airplane fuel prices increase.
c) American and Delta Airlines lower the price of their airplane tickets.
d) The US economy is going through a recession, and people are earning lower incomes.
e) A technological innovation makes building and maintaining airplanes easier and less expensive.
2) Below you will find the milk supply in two counties (Dane and Green) in Wisconsin. Can you sketch their aggregate (joint) supply curve on a separate graph?
A 6 V battery is connected to a 300load. Under these conditions, it is rated at 40 Ah. How long can it supply current to the load?
Consider the latch of Fig. 16.1 with the two inverters identical and each characterized by VOL = 0 V, VOH = 5 V, VIL = 2 V, and VIH = 3 V. Let the transfer characteristic of each inverter be approximated by three straight-line segments. Sketch the..
questiona consider the following flows in thousand of people between the various labour market states in a particular
Explain the elasticity of demand of a kinked demand curve. Why will a monopolist choose not to produce in the inelastic range of its demand curve?
postal service is a great example how market structure may change over time as shown in the simulation. in most cases a
the client currently is 46 years old with an income of about 126000 per year. his goal is to retire between ages 62 and
Using an appropriate model explain why any tax on coffee may impact on tea produce?
How it is possible for the price of the superstar's autographs to be higher than the price of the teammate's autographs even though the supply of superstar autographs is larger than the supply of teammate autographs? How does the graph display thi..
Estimate the demand for natural gas by each group over the entire period using a simple linear regression. How confident would you be in concluding the coefficient estimates are not equal to zero?
Normal 0 false false false EN-US X-NONE X-NONE What is the difference betw..
Use the dynamic aggregate demand and aggregate supply model to show where the Reserve Bank of India expected the country's economy to be in 2013 without the interest rate cut, and indicate what the central bank is trying to achieve with the intere..
An investor is considering the construction of a new marina on the Detroit river at a cost of $68m. M&O costs will average $80,000 per year for the first five years, and rise to $100,000 per year thereafter. A major overhaul costing $12m will be requ..
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