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If a rise in the price of personal computers from $3,000 to $4,000 lowers the number of CD-RW's purchased from 20 million a month to 16 million a month, what is the cross-price elasticity of demand between computers and CD-RW's? Are these goods substitutes or complements?
some firms leave the industry and the industry returns back to a long-run equilibrium. Illustrate what will be the new equilibrium price, assuming cost conditions in the industry remain constant.
Compute the year-to-year growth rates of real GDP. Can you identify the recession that occurred during this period?
HoosierMaker expects to garner revenue of $9.5 million each year and spend $1.3 million a year in costs, over the next 7 years. What is the future worth of this investment if the companies' rate of return is 16% per year?
The government is allowing for emergency procedures to aid suffering chocolate addicts.
How much does New York job have to pay in order for two salaries to represent about same purchasing power. When box office receipts are corrected for inflation, No.
Elucidate fully why the monopolist will never choose to operate where the demand curve is inelastic.
Illustrate that the tax be acceptable in spite of the deadweight loss. What tax revenue will be generated.
Assume a one-time decrease in population, possibly caused by an onset of disease or a sudden out-migration.
Using your understanding of the financial system, the demand for money, banking and the money provide, interest and spending, the stock market, interest and investment.
Which resource of production is the only one which nations can significantly increase in the short term.
Assume that there are 10 million workers in Canada also that each of these workers can manufacture
Exportof goods and services to foreigners is $1 million and import of goods and services from foreigners is $1.5 million.
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