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Important information about Elasticity and price changes
Suppose demand shifts out to the right by 10 percent, the elasticity demand is 1.5 and the elasticity of supply is .5, By how much will price change?
Explain why is the marginal cost of inputs more important than the average cost of inputs.
Explain who are the winners, who are the loosers, we can better evaluate the net impact, if any, on the overall economy.
Illustrate what might be some practical problems or issues the country might face with this proposed plan.
Elucidate several dimensions of the shareholder-principal conflict with manager-agents known as the principal-agent problem.
Explain why do some economists argue that reduction in the rate of taxation and capital gains can actually increase tax revenue collected from such gains.
Explain why is efficiency lost at the extremes as when substantially more of one good and very little of another is produced?
Are they required to ensure economic growth and a prosperous country.
US importer needs £ 1million payment 3-months later also he sign a forward contract today. Better sign a forward contract today also not sign a forward contract today.
Explain the differences among the long run and short run aggregate supply curves. Consider these differences and explain how an expansionary gap occurs.
Illustrate what percentage of the CEO's total earnings is tied to profits of the firm.
Find out the income elasticity of demand. Elucidate whether gas is a normal or inferior product.
Her salary rate is $8 every hour and she has 15 hours per day to allocate between labor and leisure.
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