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Explain, in the IS/LM/BP framework with fixed exchange rates, the impact of an autonomous increase in foreign demand for a country’s exports upon the country’s national income, money supply, and balance of payments. If there is no impact on a variable, explain why.
A newspaper has a monopoly on the local news market in a town. The market demand is given by P=1.70-Q/20,000, making the marginal revenue MR=1.70-Q/10,000. The marginal cost is constant at equal to 0.80. The fixed cost is 2,000. So, the total cost is..
The demand curve is determined to be: Q=526-2P. Find the total revenue function. Find the marginal revenue function. Graph the total revenue and marginal functions.
How many kilometers must a car be driven per year for leasing and buying to cost the same? Use 10% interest and year-end cost. Leasing: $0.15 per kilometer Buying: $5000 purchase cost, 3-year life, salvage $1200, $0.04 per kilometer for gas and oil, ..
q.assume your company is considering three health insurance policies. the first policy requires to tests and covers all
How much would Wyandotte have to reduce the price of polyol to achieve a 15 percent increase in the quantity sold?
Why do you think it is that few cities have converted their buses to natural gas? We have many cities that run all or most public vehicles on natural gas. Natural gas burns clean and has cleaner emissions. Is there a reason that all of our cities hav..
If two goods are substitute goods,
Adam Smith discussed how nations could benefit from trade, known as absolute advantage. What was David Ricardo’s improvement on Smith’s theory? How does it differ?
Harper is spending a three-day weekend at a beach property. Upon arrival, Harper bought a quart of ice cream and must divide consumption of the quart over each of the three days. Her instantaneous utility of ice cream consumption is given by u(c)=c^0..
A corporation is trying to decide whether to buy the patent for a product designed by another company. The decision to buy will require an investment of $8 million, and the demand for the product is not known. If demand is light, the company expects ..
Which of the following pairs represent an advantage and a disadvantage of marketing to a mobile phone rather than a fixed computer?
Ginny and Lucia are debating the use of coupons by grocery stores. Ginny says, "The use of coupons in grocery stores represents a means of price discrimination.
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