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Q1. Assume that Mr. Brown's MPS=MPC. If he makes an extra $1,000 this year, and this increase in his income does not change his marginal propensities, how much of this $1,000 will Mr.Brown save?
Q2. Consider chip plants: potato and computer. Assume there is a large rise in the demand for computer chips and potato chips.a. How responsive to demand is each in the market period?b. Describe what a manufacturer of each product might do in the short run to increase production.c. How does the long run differ for these products?
operating deficit is asking should the transportation authority increase or decrease the price per ride based upon the price elasticity of demand.
What is the deadweight loss if buyers, instead of vendors, are required to pay the tax of $4 for each unit of the good sold.
How many DVD's will she have to sell to keep the store open for an extra hour to make profit, if each DVD is $12.
As control variables, Quinn's data also includes income the individual earned in the month the data was collected, and the amount that it rained in the month the data was collected.
Pretentious that yields for each stock are around generally distributed, with which investment strategy do you have the smallest chance of losing money?
Why all the balance of payments accounts be in surplus. What factors determine the demand for British pounds in foreign exchange markets.
Calculate the marginal cost function. What is Chill man's profit-maximizing cost as well as output combination.
Social responsibility other than to make as much money for their stockholders as possible. Explain why you agree or disagree with such a statement.
Expecting that wool prices would remain high, wool producers raised a lot more sheep.
Find the output you should produce in order to maximize your expected profits so that you can then determine your expected profits accurately.
What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution
Who has the comparative advantage in what product. Once they specialize, how much does output increase. What are the terms of trade if the United States trades 1 can of soda for 5 units of clothing.
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