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What method is used to ration goods in a market economy? How does this rationing method influence the incentive of individuals to supply goods, services, and resources to others? How are grades rationed in your economics class? How does this rationing method influence student behavior?
Suppose that an raise in a household's disposable income from $40,000 to $48,000 leads to an raise in consumption from $35,000 to $41,000,;
Determine which best supports reason for why the use of teams by Anacorp Corporation is considered critical to its ability to develop and commercialize innovative products?
Take a stand on whether or not economic growth really makes people better off in the long term. Provide support for your response. Give your opinion on whether or not the development of the International Space Station stimulated economic growth. J..
The table above demonstrate the prices and quantities of 2-goods produced in a country in 2006 and 2007. These are the only goods produced in the country.
How would multiplying a positive constant to a linear demand function affect its own-price elasticity of demand? In particular, how would the elasticity of demand of \(Q_{x}=a+bP_{x}+cP_{y}+dI\) at a point compare with the elasticity of demand..
The prices of outstanding bonds change whenever the going rate of interest changes. In general, short term interest rages are more volatile than long term interest rates.
A new widget, with a service life of four years, would save $50,000. in production costs each year. Using a 12.00% nominal annual interest rate, determine the highest price that could be justified for the widget, i.e., determine the present valu..
As we know that there are some people who cannot have children who want to adopt, and there are pregnant women who for various reasons want to put their babies up for adoption
Assume an economy in which the reserve ratio is 15 percent, people hold 10 percent of their deposits in the form of cash, and there are no other leakages.
Suppose that Melanie had 200000 of disposable income and spent 180,000 on consumption in 2006 & had 300,000 of disposable income & spent 240,000 on consumption in 2007
Etta and Moorea run a stand where they sell lemonade and brownies. Their cost function is\(C(Q_{L}Q_{B})= .5Q_{L}+.25Q_{L}^{2}+Q_{B}^{2}-Q_{L}Q_{B}\)they can sell a cup of lemonade for $1.20 and a brownie for $0.95. What are Moorea and Etta's prof..
Consider a monopolistic firm producing a good with the following cost funciton C(y) = ay where a > 0. The firm faces the following demand function D(p) = Bp-n where B, n > 0. This kind of demand function is known as CES (Constant Elasticity of Substi..
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