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In order to financially stimulate the nation, the Federal government injected $900 billion dollars into the economy. However, the results were less than spectacular. One reason could have been a failure to understand the marginal propensity to consume. Assume the marginal propensity to consume (MPC) was only 0.5. How much of that $900 billion went to increased consumption? Where did the rest of the money go?
The college has annual fixed costs of $10 million, also the variable cost for every additional student is $5,000.
If there are no fixed costs of production, in the long run, the perfectly-competitive firm will produce
You have selected a small coffee shop in your area. Develop a strategy for expanding this business in a national market. Why do you believe the business could succeed in this new geographic market? What are the risks of expanding into this market?
Why is an increase in number of varieties of a good regarded as a gain from trade. Can you think of economic disadvantages associated with greater product variety.
What does mean that in microeconomics?
How does Ticketmaster's "dynamic pricing" affect ticket sales, total revenue and profit? Does Ticketmaster provide a valuable service, or is it a necessary evil to purchasers of event tickets?
A $10,000 mortgage bond that is due in 20 years pays interest of $250 every 6 months. The bond rate is closest to
Describe the supply and demand shifts that are occuring. What would happen to the demand curve if the major taxi companies lowered their rates.
Consider what you have learned about the root causes, as identified by leading economic thinkers and policymakers.
Impantable cardioverter defibrillators reducing the risk of cardiac arrest and saving lives is an example of a. cost-benefit analysis b. cost-utility analysis c. innovative use of technology d. research and development
The price elasticity of demand for Royal Crown Cola is equal to the price elasticity of demand for soft drinks in general It is invalid to make inter product elasticity comparison
Bread and butter are complements. A decrease in the price of bread results in a(n)
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