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Q1. The price of good is $1.20 per unit also annual demand is 800,000 units. Market research indicates that an increase in cost of 10 cents for every unit will result in a fall in annual demand of 75,000 units. Elucidate what is the cost elasticity of demand measuring the responsiveness of demand over this range of price increase?
Q2. How does theory hypothesize that a current account trade deficit will be resolved? Why does the US's persistent current account deficit not get reduced this way, meaning what other factors are in play? What is the impact on the macro economy of the persistent current account deficit?
Illustrate what is the reorder point for part if the reorder point is expressed in terms of the inventory on hand rather than the inventory position.
Find out the equation for the linear supply curve which fits this information. What would the new equilibrium price and quantity be if supply were to increase by 20%.
he perfectly competitive form maximizes profits by producing 10 units of output. At what price does it sell these units.
q. each day matt eats lunch at school. he likes only twinkies t and soda s and these provide him a utility of utility
Compute the amount of the natural employment deficit in terms of both billions of dollars and as a percent of natural real GDP.
How does the price elasticity of demand for corn oil influence the quantity-demanded of corn oil and the Total Revenue earned by sellers of corn oil? Explain, using economic terms, why this is so.
Find a current article about one or more of the macro variables for a nation of your choosing, such as GDP, employment, inflation, or international trade.
q1. explain what does the axiom of strict convexity of involve about preferences? also clarify in words as well as
With fewer also fewer barriers to trade, countries are able to focus on producing those goods also services which they are best.
Elucidate how consumers in an economy can be better ff if the marginal rate of transformation does not equal consumer's marginal rate of consumption.
Suppose the dollar exchange rates of the euro and the yen are equally variable. Which currency, the euro or the yen, would you consider riskier.
The accompanying table also graph elucidate how Samantha's preferences for consumption bundles composed of chocolate kisses also licorice drops.
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