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The unemployment rate in November 2011 came down to 8.6% from 9.0% in the previous month. What could have been a possible reason for the decrease in the unemployment rate even when many new jobs were not created in the economy at that time?
A stock is expected to pay a dividend of $1 per share in two months and in five months. The stock price is $50, and the risk-free rate of interest is 8% per annum with continuous compounding for all maturities. An investor has just taken a short posi..
The maximum price that a few of the consumers are willing to pay is $0.20 per pound of cheese, and the price floor is set at $0.17 per pound. With the price floor at $0.17 per pound of cheese, consumers buy 211 billion pounds of cheese. How much cons..
What is the marginal cost per bushel of apples produced? If the market price of a bushel of apples is $5.50, and is unaffected by the farmer’s production decision, then the marginal revenue of a bushel of apples is $5.50. In that case, how many bushe..
What factors do you think are responsible for Africa’s slow economic development? What can the multinationals do to help?
Your company is looking to buy a new truck. Analyze the three alternatives based on the information below. The trucks will average 25,000 miles per year and will be sold at the end of four years the salvage value listed. It is assumed that the mainte..
Arizona approved 98 patients for organ transplants, but those patients have been told they can no longer receive the transplants because of budget cuts. The state is facing a $1.5 billion budget deficit and has cut all of their state-funded lung tran..
Conclude cost elasticity of demand at each quantity demanded utilizing formula % chg in QD divided by % chg in cost.
Conclude the change in demand when PX increases to 80. Conclude the exact amounts of the income also substitution effects for X.
What are the determinants of demand? What happens to the demand curve when any of these determinants change? Distinguish between a change in demand and a movement along a fixed demand curve, noting the cause(s) of each.
q.pure pool services provide weekly pool maintenance in beverly hills. dozens of firms provide this service. the
Consider a competitive industry with several firms all of which have the same cost function, c(y) = y2 + 4 for y > 0 and c(0) = 0. The demand curve for this industry is D(p) = 50 − p, where p is the price. What is the long-run equilibrium number of f..
Illustrate what environmental law, currently up for debate before a state or federal government, do you support also why.
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