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Industry experts estimate that the elasticity of your company's product is a constant -1.8. However, you believe that by including a differentiating feature that costs an additional $3 a unit, you can change the elasticity to -1.7. Your current marginal cost is $12 a unit. How much more will you end up charging?
Suppose that a certain country has an MPC of 0.9 and a real GDP of $500 billion. If its investment spending decreases by $12 billion, what will be its new level of real GDP?
There are two players 1 and 2. re are two cards: "High" and "Low". Player 1 chooses at random one card. Write a strategic form also find optimal strategy of player.
The cobweb model suggests that employment cycles are most likely to occur in those labor markets in which:
How to use solow growth model to explain the long run effect of raising the saving rate on capital per worker ad output per worker. Start with an initial steady state and show the new steady state on the graph. Label the graph properly.
To produce a boat, you need wood as an intermediate good. If this country imports both boats and wood, a 10% tariff rate can be imposed on boat imports, and a 5% tariff rate can be imposed on wood imports. The effective rate of protection after impo..
US national health expenditure was $7,026 per person in 2006 and $4,790 in 2000. The Consumer Price Index had a value of 201.6 in 2006 and a value of 172.2 in 2000. Adjusted for inflation, how much was spending in 2000? Why has the share of healthcar..
Suppose that Ben has $90 to spend on two goods, movie (M) and hamburger (H). The price of a movie is $10 and the price of a hamburger is $2. Ben’s preferences are represented by the utility function: U(M, H) = M *H^2. What is Ben’s optimal choice bet..
The rationality assumption as used in economics
What should the USA government do with individuals' that fight with for ISIS? i need a claim. reason, supporting , acknowledge, and respond. Why has cost containment become such a focus of the American public? Give examples of current cost containm..
Pretend that you have just been surprised with a genuine e-mail that says you have just been selected by your favourite pizza delivery company that every day for the next month you will receive your favourite pizza for lunch and another of that same ..
Prepare a 3-5 page paper in response to this narrative and upload as indicated. Karl Marx and John Maynard Keynes both felt that the "economic problem" or the "problem of scarcity" could be overcome by the human race.
Performance-based payment, as incorporated in the Affordable Care Act, may encourage hospitals to increase staffing of which of the following professions
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