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Before the collapse of communism Berlin was a divided city. After the Berlin wall came down movement between East and West became possible. What happened to the income of taxi drivers, and fares paid by consumers, in East and West Berlin after unification; given that living standards are much higher in West than in East Berlin. Assume the market for taxi cabs is competitive.
Explain why sharp decline in oil prices might not necessarily have positive or negative impact.
The percentage effect which increase in output will have on the profit made from producing and selling commodity Alpha will be.
An equal number of consumers who have a willingness to pay of $119 are allowed to buy the good at a price of $99. How will consumer surplus be affected.
This deviation from the classical dichotomy and the Fisher effect is called the Mundell-Tobin effect. Explain how might you decide whether the Mundell-Tobin effect is important in practice.
Indirect finance is more important than direct finance in most countries in part because of information costs associated with lending. Explain why are financial intermediaries relatively more effective at reducing these costs
Indicate how Ford's management should use this information to make sound strategic decisions.
Graph Mary's marginal cost curve using the orange line and her marginal revenue curve using the blue line
If the prices of gold and other commodities increases how will this influence the value of the rand. Explain how will a depreation of the rand influence our exports and imports.
Explain how specifically can GDP be adjusted to better measure well-being.
Explain why might the private market not reach the socially optimal level of traffic without the help of government.
her current consumption choice is four bottles of wine and 10 pounds of cheese. The price of wine is $10 per bottle, and the price of cheese is $4 per pound.
Alex's Furniture Mart produces and sells tables in a perfectly competitive market. When Alex's Furniture Mart produces and sells 250 tables.
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