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The demand for the product of a business is given by q = 50 - 2p. If the price of the product is p = 10 dollars, the revenue is
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Assume that a consumer can buy only two goods, A and B, and has an income of $100. The price of A is $10 and the price of B is $20. Illustrate what is the slope of the budget line if A is measured horizontally and B is measured vertically.
q.suppose initially that the demand also supply for premium coffees 1lb bags are in equilibrium. now suppose starbucks
Louisa is managing a training program for a major bank. She designs the following experiment to assess the effect of sleep on learning. A group of trainees is given a 3-hour session on some task, followed by a 2-hour test on what they have just learn..
Assume that the U.S. dollar depreciates against the Japanese yen. What is the impact on aggregate expenditures and income?
Bailey, Inc., is considering buying a new gang punch that would allow them to produce circuit boards more efficiently. The punch has a first cost of $100,000 and a useful life of 15 years. At the end of its useful life, the punch has no salvage value..
Ignore the time value of money and compute the optimal pricing scheme of the iphone, Suppose that there are equal numbers of each customer type, and that the MC of the iphone is $100.
The DOT is testing a new restoration & maintenance resurfacing project. The annual cost of the new equipment is $120,000/year and material cost is $4/mile. Alternatively, the traditional process requires equipment that cost $150,000 today with a 15 y..
What is crowding out? Can it hurt private industry? What else can occur that might cause private industry great problems?
Delineate which marketplace participants you believe benefited from the final court decision also whose interests were harmed.
they pay 20 cents to the Lord High Mayor of Rabushka. What is the marginal tax rate in Rabushka for a worker whose income is $1 million?
Write two key assumptions of Lewis' two sector model that give rise to its conclusions? How would the model's conclusion differ if these assumptions do not hold?
what effect would this change have on the wages in the two markets you illustrated in part (a)? what effect would the change have on the average wages of men and women?
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