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Based on the date provided through the U.S. Department of the Treasury, is the public devt of the US government increasing or decreasing? What impact will this trend have on the budget of the federal government and on the U.S. economy as a whole?
When the price of SuperSparkle Toothpaste increases by 5%, the quantity demanded for SuperSparkle Toothpaste decreases by 20%. Calculate the price elasticity of demand for SuperSparkle toothpaste. Why does demand curve shift (left/decrease or right/i..
Let us suppose that the consumer is choosing between beer and milk. The consumer will always prefer beer to milk. However, if the consumer has two choose between two consumption bundles having equal amounts of beer and different amounts of milk, then..
A purely competitive firm finds that the market price for its products is $30.00. It has a fixed cost of $100.00 and a variable cost of $17.50 per unit for the first 50 units and then $37.50 per unit for all successive units.
Discuss what will happen in this market as it moves to a new equilibrium. If a hard breeze eliminates Brazil's premium coffee corp, what will happen to the price of premium coffee.
Illustrate what feature of a PPF illustrates increasing opportunity cost also elucidate why does your PPF not have this feature.
Bring an example of production. (Any production in any industry) And clearly state which costs do you think will be fixed costs and which ones will be variable costs? Explain Also explain the explicit and implicit costs of the business? Explain
What does equilibrium GDP means? How net exports affect aggregate expenditure in the economy? How prosperity abroad affects our exports? What happens when there is disequilibrium situation? When GDP is less than the equilibrium. When GDP is more than..
Prove that every weighted average of three numbers x1
A local landfill currently charges $100 per half ton load of waste to dump. The marginal costs to the landfill of operating the dump are about $60 per half ton load of waste. A nearby incinerator charges $120 per half ton of waste, and it costs about..
A young physician makes $250,000 per year with an annual salary increase of 2%. He is interested in buying a house. He has $130,000 in his savings account. The appraisal value for the house is $600,000. After exhaustive shopping for a mortgage, a ban..
Suppose the Red Sox can segment their fans into young fans and senior citizens. Young fans have the demand curve p = 120-10G (MR = 120 – 20G). Senior citizens have the demand curve p = 60 – 10G (MR = 60 – 20G). Assume that MC = 0. What are the equili..
If the central bank (the Federal Reserve) keeps printing money and lowering the interest rates to get consumers buy and businesses to borrow money, then the economy will improve. Do you agree with the statement? Hint: Think about the short term and i..
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