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The Wall Street Journal reported that businesses are aggressively pushing customers to pay their bills electronically. Numerous banks dropped their monthly fee for online bill paying, and many merchants are offering incentives for customers to sign up for online bill payment. Aside from the direct cost savings to businesses, such as lower postage and other administrative costs, what other reason might explain business's interest in online bill payment?
Why would the firm price it differently in different countries. Illustrate what do you think will happen to the price over time.
What is the level of price, output, and amount of profit for an unregulated monopolist? Analyze the effect of regulation on the allocation of resources. Which situation is most efficient? Which situation is most likely to be chosen by government? ..
Give the utility function U(x, y) = (x-4) 1/2 (y-2)- 1/2 , what is the minimum income needed to ensure positive utility?
Describe the impact of an increase in government spending on GDP using both Keynesian and classical points of view.
Explain how would the subsiquent changes in price affect total revenue. What are the major determinants of price elasticity of demand.
See the inflation adjusted data also identify the periods of negative real economic growth. What might have caused each of these periods of economic decline.
Find out the equilibrium price, the equilibrium quantity, the output supplied by each firm and the profit of the firm in the short run.
Illustrate what sectors of the economy are likely to expand or recover in the near future. Illustrate what sectors may be the most vulnerable in the next year.
Explain how does the state of the economy affect federal budget. Explain how can macroeconomic variables inter-relate to each other.
Explain why does the US steel industry want a tariff on imported steel. Show the US steel market with and without a tariff, showing graphically why they will like a tariff.
What are the three methods in order to be equipped with the tools necessary for evaluating a market's equilibrium.
Compute the income elasticity also elucidate how sale of the novels would change during a period of rising incomes.
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