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According to a study, the price elasticity of clothing in the United States is 0.6, and the income elasticity is 1.4.
Would you suggest that the ABC clothing company cut its price to increase its revenue?
What would be expected to happen to the total quantity of clothing sold in the united stated if income rise by 10%.
1 . Based on the game, how did the simulation show the use of monetary policy to control both unemployment and inflation? How do Federal Funds Rate affect unemployment and inflation based on your experience with the game?
critically analyze the present system of providing medical care in the u. s. are there any distortions in incentives in
What is the relationship of the demand curve and marginal cost of equilibrium in a perfectly competitive firm and a monopolistically competitive firm
if Q = 60 − (1/2)P, and MC = 60, which means that MR = 60 how do you work out the price, which then allows you to work out the Q
what is the effect of the equilibrium price and quantity of orange juice of the following events if they occur one at a
In the old days lighthouses were built along the coast to prevent ships from running aground on rocks in unfamiliar ports. By shining a beam of light over a port and guiding ships away from rocks, these vital buildings reduced the risk for ship ca..
suppose that the reserve requirement is 10 percent and the balance sheet of the peoples national bank looks like the
Mary is in equilibrium. The MUa =6, MUb =12, Pa=2, what is the price of b? Zach is in equilibrium. The MUa=2, MUb=8, what is the price of a in terms of the price of b? What is the utility maximizing or optimization condition?
A more serious problem with input-based pay systems (e.g., a wage her hour), relative to an output--based system, is:
A company used a combination of inputs that was to left of its isocost line, it would indicate that
In 1997, the Federal government reinstated a ten percent excise tax on airline tickets. The industry bid to pass on the full ten percent ticket tax but was only able to boost fares by four percent.
State the conditions under which a nation can gain from international trade in the context of both comparative and absolute advantage, and describe the benefits of international trade.
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