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Bart Wurst runs the only hot-dog stand in a large park in a large boring town. On Sundays people in this town all sit in the park and sunbathe. For any t between 0 and 30, the number of people who are sitting within t minutes of Bart's stand is 10t2. People in Bart's town are lazy and hate to walk. They think that every minute of walking they do is as bad as spending $.10. Everybody in the park has a reservation price of $1 for a hot dog, where the cost of a hot dog includes the subjective cost of walking as well as the money price they have to pay when they get there. (Nobody has ever thought of fetching a hot dog for someone else.) Find a formula for the demand curve for Bart's hot dogs. Explain how you got it.
studies indicate that the price elasticity of demand for cigarettes is about .4. if a pack of cigarettes currently
If you were having a conversation with a Keynesian and a Classical economist, and the conversation turned to why the economy is experiencing high unemployment and what the government should do about it
An economist for a bicycle company predicts that, other things equal, a rise in consumer incomes will increase the demand for bicycles.
In this assignment you will discuss the monetary policy trends of a country in the last 10 years and factors influencing the policy. You might like to build on the monetary policy of Canada that we studied in the class and as discussed in the text. Y..
The question is relates to Economics and it is explain about the deliberate undervaluation of yuan by China. A random thought of whether or not the US should do the same thing has been discussed in the answer.
Sprint acted as a well-managed business that takes the actions necessary to remain competitive in a very competitive marketplace.
Illustrate what is the opportunity cost for Italy if they only produce 1 bushel of grapes? What about 1 computer.
Behavioral researchers have developed an index designed to measure managerial success. The index (measured on a 100-point scale) is based on the manager's length of time in the organization and his or her level within the firm: the higher the inde..
according to the new york times november 18 2006 the number of car producers in china is increasing rapidly. the
In the context of a supply demand diagram of low skill labour market, a minimum wage above competitive equilibrium will decrease employment relative to competitive equilibrium.
There are two brands of cell phones that are almost identical except for some minor features, the A-Phone and the Pomegranate.
What did classical economists assume about the flexibility of prices, wages, and interest rates What did this assumption imply about the self-correcting tendencies in an economy in recession
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