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Two hamburger restaurants are located at opposite ends of a north-south shopping mall. From end to end, the shopping mall is 1/2 mile in length. Restaurant North and restaurant South each sell hamburgers for $5.00. A shopper incurs $0.10 per 1/8 mile in travel costs. Shoppers who plan to eat hamburgers are uniformly distributed around the shopping mall. Suppose that restaurant North lowers the price of its hamburgers to $4.90. Suppose that restaurant North raises the price of its hamburgers to $5.10. Other things being equal, how many shoppers will eat at North?
a. 37.5 percent b. 28 percent c. 31 percent d. 44 percent e. 32.5 percent
How are gifts and grants handled in the balance of payments? What does it mean for a country to experience a capital inflow? Is this associated with a surplus or a deficit on the country's capital account?
More job losses in the manufacturing sector helped pull employment down by 390000 in November. Only the fact that the labour force _________ keep the unemployment rate steady.
Describe the functions also role of law in business and society.
When you create the proposal, you should take into account the technical considerations, management considerations, and pricing considerations. However, you do not necessarily need to include these within your project proposal as you will be perfo..
In order to reduce farm output, raise farm prices, and thus raise farm incomes (revenues), the government pays farmers to set aside a portion of their land from production. Using a graph, explain in terms of the elasticity of demand for farm produ..
What divergences arise in equilibrium output and efficient output when spillover benefits and costs are present? Provide some 'real-life' occurrences.
Matthew need eggs (E) and premixed ingredients (I) to produce cake. Every cake needs exactly two eggs and one package of ingredients. When he adds three eggs and one package of ingredients, he still produces only one cake.
Assume the USA and Canada are considering to trade. Assume there are only two goods in the economy: potatoes and rice. The table below illustrates what each country can produce in a given year.
Illustrate what are the major differences among an open and closed economy
Discuss the importance of the interest rate to individuals; in particular, comment on how changes in the interest rate affect income allocation - What is the relationship between interest rate risk and maturity?
Illustrate what is your opinion, observation, or recommendation on this company. what are their shortfalls, how do they relate to other in the industry.
macropoland a country that is a natural gas and oil importer has a natural rate of unemployment at the full employment
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