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Suppose that the demand curve for a product is given by P=36-Q where P is in thousands of dollars per auto and quantity is in millions of cars per year.
a. Please make a graph of the demand curve.
b. How much do buyers wish to purchase if price is 20?
c. What other things are held constant when one moves along a demand curve?
d. What is price elasticity of demand at price 20?
How many Argentine pesos would it cost given the new exchange rate you just calculated.
Suppose that the government imposed a $1 tax each time someone used an ATM.
Explain the agency relationship that exists on social media sites between the social media provider and businesses that utilize the site for advertising.
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trace the evolution of work on the laissez-faire doctrine through two arcs. first those theorists who are trying to
Consider a simultaneous game between two players (Player 1 and Player 2). Each player has the option to play either Up or Down, and their payoffs are represented by the table. Is this a constant sum game?
What decision (abroad or domestic) should be reconsidered to create better entrepreneurial opportunities in the future
What economic example could be used to demonstrate incentives that were used to "nudge" buyers/sellers
In a market economy, every resource will tend to be paid according to its marginal product. Highly productive resources will command high prices, whereas less productive resources will command lower prices.
Determine the profit of the Restaurant. If the company were to produce as a perfectly competitive firm, how much would it produce? What price should it charge as a competitive firm?
Elucidate the effects of monetary policies on the economy's production and employment.
Circular flow diagram: Include the government sector in your explanation, a description of the roles that each participant plays in the economy, and how the different sectors interact in the markets.
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