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Q. If cost of DVD players declines by 20% and total income from sale of DVD players rises, illustrate what can you say about cost elasticity of demand for DVD players? Will cost reduction necessarily lead to an increase in profits for DVD player manufactures?
In the country of Sildavia, a market basket of goods and services cost $ 130 in 2003, $ 140 in 2004, and $160 in 2005. Based on this information and considering 2003 as the base year, inflation from 2003 to 2005.
Smith has been trying to sell his house for 6 months although so far there are no purchasers. Draw the market for Smith's house.
The ABC Corporation is contemplating purchasing a new computer system that would yield a before-tax return.
Explain how each change mentioned in the article impacts upon the aggregate expenditure model.
Explain why do national income accountants compare the marker value of the total outputs in various years rather than actual physical volumes of production.
Calculate real GDP in each year, and the percentage increase in real GDP from year 1 to year 2 using year 1 as the base year. Next, do the same calculations using the chain-weighting method.
demand for a good of an industry is given by the equation pq=100, where p is the price and q is quantity and supply is given by the equation 20+3p=q. find out the equation price and quantity
one laborer can only produce either 5 unots of necessity per month or 10 units of luxury per month. On a graph draw the ppf. where does the ppf intersect on thy axis and where does the ppf intersect on the x aaxis.
Analyze a situation in which both parties entering into a contract could benefit, economically or otherwise, from slightly ambiguous language contained in the contract.
Describe Excess reserves make a bank less vulnerable to runs. why, then, don't bankers like to hold excess reserves. What circumstances might persuade them that it would be advisable to hold excess reserves.
An intraocular lens manufacturing is in the qualification process of a polishing machine.
What are the four factors which both expected and unexpected,perpetuate the business cycle.
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