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What do the tablet markets and the cell phone markets have in common? What are the different strategies for each of the four ps that tablet companies could use as a result of the similarities? Do you think they should why or why not?
Illustrate what happens to the dollar price of the dinar. Does the dinar appreciate or depreciate relative to the dollar.
Are chocolate and textbooks complements or substitutes for Jen? b. Calculate the income elasticity for chocolate. Is chocolate a normal good? 2c. Assume we observe the following: Qt = 5; pc = 2; pt = 2.
Assume that James owns a wheat farm that produces an annual crop of 500 bushels. His only choice is to store it in a nearby grain elevator owned by Martin, whose facility will be empty unless James is using it.
initally, the number of tools per worker was higher in Hermes than in Gobbiedigook. From 2015 to 2065, capital per worker rises by one unit in each country. the one- unit change in capital per worker causes prodactivity in Hermes to rise by a amon..
Explain the science of economics in the presence of making a profit with scarce resources
Assume the United States increases the tariff on automobiles imported from Germany (and other foreign countries). What is the effect of this tariff-rate increase.
What are the relationships between the economic concern you selected and that specific country's economy? What trends do you see in the data sets?
Assume the airline industry consisted of only 2 firms: American and Texas Air Corp. Let the two firms have identical cost functions, C(q) = 40q. Suppose the demand curve for industry is given by P = 100 - Q and that each firm expects the other to ..
XYZ Company operates in a perfectly competitive market. Due to robust economic growth XYZ company made above normal profits. Taking into account the characteristics of this market,
A country has the per-worker production function, y=5k^1/2, where y is the output per worker and k is the capital- labor ratio. The depreciation rate is 0.15 and the population growth rate is 0.05. The saving function s=0.2Y wh..
Write down an equations for total revenue and marginal revenue.
Elucidate the roles played by total utility and marginal utility.
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