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Demand function: qd=5,000-50p, where qd is quantity demanded and p is price per unit.
A. How man units with be demanded between $10, and 20? Between $20 and 30?
B. What is the arc price elasticity of demand $10, and 20? Between $20 and 30?
The following events have their initial impact on which of the following: aggregated demand, short-run aggrevated supply, long-run aggregated supply, or both short-run and long-run aggregated supply. Do the curves shift to the right or left.
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Elucidate your own words why even long term heavy drinkers might be highly responsive to increases in the price of alcohol.
Each has a crucial role to play if the discipline system is to be effective. Discuss the elements of a company's discipline system or process and explain whether you feel it is effective or not in handling difficult or ineffective employees.
Determine the QSD and set up a floating-for-floating rate swap where the swap bank receives .125 percent and the two counterparties share the remaining savings equally.
Instaed of a minimum wage, suppose there is unemployment benefit that pays $50 per day. Workers are indifferent between earning a wage of $50 per day and remaining unemployed and collecting the benefit.
Compute HHI for both industries. 3. Which industry is more concentrated according to 4-firm concentration ratio? 4. Which industry is more concentrated according to HHI? 5. Which of these measures (HHI and four-firm concentration ratio) can be a..
for the nation as a whole the expansion of production of one product must involve a decrease in the availability of the other.
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When will the Fed want to raise the Federal funds rate? What is the ultimate effect on real GDP and the inflation rate from raising the federal funds rate?
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