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The Not-So-Popular Nordic Bridge www.economist.com/node/387500 Three questions: Explain why the demand for the bridge is likely to be price-elastic. If the Swedish governemnt esimates that the price elasticity is -1.4 claculate the effect on traffic using the bridge stating any assumptions. Why is the calculation above not likely to give an accurate forecast for the long term?
Suppose the production function of a firm is Q=100k^1/2 L^1/2. the corresponding long run cost curve was found to be TC=(Qw^1/2r^1/2)/50. Use this information to verify that Shephard's Lemma works when deriving the input demand functions.
As we have learnt in the course aggregate demand is equal to C+I+G+(EX-IM) where the only difference with RGDP is that in the above equation I does not include accumulated inventories.
why does a firm in a competitive industry charge the market price?a. if a firm charges less than the market price it
Workers are compensated by firms with "benefits" in addition to wages and salaries. The most prominent benefit offered by many firms is health insurance. Suppose that in 2000 workers at one steel plant were paid $20 per hour
you are the manager of college computers a manufacturer of customized computers that meet the specifications required
Which of the following is not a reason for the subsidies being provided to U.S. farmers?
How much is his fixed cost? How much is his variable cost and at what level of production is his average cost minimum
How would you use the information you have learned in this class to develop your own investment portfolio What investments would you hold, in what proportions, and why What is your level of risk aversion
Foreign aid, if it is to be successful in enhancing economic development, must lead to a more productive economy. Describe some of the problems in achieving such an objective through foreign aid.
Evaluate the fundamental reasons why price and utilization economic factors in the healthcare setting influence competitive market status in regard to supply and demand for health care services.
suppose a job analyst only collected information on the ways jobs related to each other that is the horizontal and
Find out if, for the good marked with ALL CAP lettering, if there is the increase or decrease in demand.
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