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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?
Elucidate its advantages and disadvantages and suggest appropriate policy prescriptions to deal with the potential shortcomings.
A multi concept restaurant incorporates two or more restaurants, typically chains, under one roof. What do these numbers imply for decision of when to open a shared facility versus two separate facilities.
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When Michael got a pay raise and began to earn $6,000 per month, his demand shifted outward to Q = 20 – 0.25P. Given this information, find Michael’s income elasticity (EI) for filets.
Illustrate what or considerations may be taken into account in order to make a decision on implementation of policy.
If you had the power of the President, Congress, and the Federal Reserve, what would you do to stimulate the U.S. economy which is barely growing?
q.3-42 jim vendors is viewing about manufacturing a new type of electric razor for men. if advertise were favorable he
Calculate the net cash flows for the year 0 and the years 1 thru 6. What is the NPV of the project? What is the modified internal rate of return for this project?
Suppose nominal GDP in 2002 was $100 billion and in 2003 it was $260 billion. The general price index in 2002 was 100 and in 2003 it was 180. Between 2002 and 2003 the real GDP rose by:
If buyers pay $8 per unit to the intermediary but sellers offer to rebate part of that expense to buyers.
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