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Suppose the University of Oklahoma decides to alter its tution schedule by separating its students based on how many credit hours they have accumulated. Students with fewer than 15 credit hours get a 13% reduction in tuition while students with 45-90 and more than 90 credit hours face an increase in tuition of 22 and 71%, respectively. Fully explain whether this pricing strategy is rooted in a sound understanding of the price elasticity of demand, or not.
The following figures refer to a firm production department during a certain week. Estimate TVC and AVC. No. of workers employed 50
Compute the elasticity of demand in going from 2 unit to 3 units. Is the demand elastic or inelastic in this range.
Has a deadweight loss been created? Why? Does the price ceiling cause economic inefficiency?
Complete the following table by computing the marginal utility per dollar for successive units of X, Y, and Z to one or two decimal places.
Explain how would you evaluate this forecast for your firm.
Sara devoted all her resouces for growing potatoes, she can raise 200 pounds of patotoes per year. If she devotes all her resources to raising chickens, she can raise 50 chickens per year.(If she apportions some resources to each, then she can pro..
Some people have suggested that forced population control is an efficient means of decreasing the Tragedy of Commons associated with our clean air and water resources.
What are consumption and saving in each period, assuming no borrowing constraints? What happens if the consumer faces a borrowing constraint that prevents her from borrowing?
Would your answer change if you thought different German also Japanese policies may facilitate different US policies.
question consider a macroeconomy was initially at equilibrium level of real gdp.nbsp using an aggregate demand and
Suppose a risk averse agent. Explain how many units of the contract will the agent buy if the price is q=k.
1. what percentage of the gross national product is spent on healthcare in the u.s.? 2. identify the key drivers of
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