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1. Which of the following would you expect to decrease the demand for tennis racquets? a. A decrease in the price of tennis balls which are complements in consumption of tennis racquetsb. An increase in the supply of tennis racquetsc. An increase in the price of tennis racquetsd. None of the above would decrease the demand for tennis racquets2.Consider the market for pop. Use the demand and supply equations below to answer the following 2 questions. Qd=100-20P Qs=5P(1)If the government imposes a price ceiling of $2 in the market for pop, which of the following will occur?a. There will be a shortage of 50 cans of pop.b. There will be a shortage of 40 cans of pop.c. There will be a surplus of 10 cans of pop.d. There will be neither a surplus nor a shortage because the price ceiling is ineffective.What deadweight loss will result from a price ceiling of $2 in the market for pop? a. $12.50b. $37.50 c. $50.00 d. $45.25
Describe the short-run and long-run effects of an increase in the money supply on the equilibrium level of production and the price level.
The antitrust divisions of government are limited by the resources allocated to their activities. Given the likelihood of violations of antitrust laws, why do you suppose the resources actually available to these agencies tend to be very modest?
question 1californian almond orchands are using approximately one million bee hives each spring to pollinate the almond
elasticity-a the price of good x goes up by 2.75 the quantity demanded of good y goes from 10500 units to 25000. what
A British pharmaceutical company spent several years and considerable funds on the development of a treatment for HIV patients. Now, with the protection afforded by patent rights, the company has the potential to reap enormous gains.
utility if a function of income (I), given by: \(U = 101\) as long as I is less than or equal to 300. If I is greater than 300, your utility is a constant equal to 3,000. Suppose you have a choice between having an income of 300 with ce..
Calculate the present value of an annuity with annual deposits of $10,000 at 7% for 10 years. Determine the monthly payment to amortize a $250,000 debt at 3% for 30 years.
consider the following cobb-douglas production function for the bus transportation system in a particular
in todays workplace employees are from three different generations baby boomers generation x and millennials. all three
business owners managers and aspiring entrepreneurs need to know the best form of business organization to select
The present value of the gain from employing the new factory must be less or equal to $50 million and the rate of return from the new factory must be greater than 7%.
Describe the advantages and disadvantages of ROE as a measure of corporate profitability. Which company has the lowest ROE?
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