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The new york times reported (Feb 17 1996) that subway ridership declined after a fare increase: nearly four million fewer riders in Dec 1995, the first full month after the price of a token increased 25 cents to 1.50 than in the previous Dec, 4.3 percent decline. a. use this data to estimate the price Elasticity of demand for subway rides. b . according to your estimate what happens to the transit authority's revenue when the fare rises? c. Why might your estimate of the Elasticity be unreliable?
Mutual funds: Provide another source for borrowers to take out a home mortgage. Provide another source for borrowers to take out a home mortgage.
Demand for goods and services (feed stocks) that go into final products (such as milk into ice cream) is
The economy of the land of midnight sun
suppose that population growth expands the quality frontier of a newhouse utility-maximizing nonprofit hospital.
1. is direct to consumer dtc advertising of drugs considered ethical? what facts could be supplied to help you make
white mountain ski resort has the following demand equations for its customers.relating the final to module i on ds and
Is current U.S.Monetary Policy expansionary or restrictive?Do YOU think that current U.S. Fiscal and Monetary policies should be expansionary or contractionary? Briefly indicate why YOU think this way.
provide an example of a time when you were consuming a good. were you attempting to maximize your marginal or total
explain how a 0.5 adjustment in domestic interest rates would affect international investment flows. determine if
Michael makes a great point. Economists often note that there is no such thing as a free lunch
a. Define the Bertrand model and its assumptions. Explain why the model predicts the perfectly competitive outcome despite the number of sellers. Discuss the limitations of the model.
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