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Prove that giffen goods have a positively sloped demand curve and a backward bending price consumption curve.
The united states exports a substantial amount of scrap iron and steel to Japan and other countries. Explain Why do some US users of scrap iron and steel support a prohibtion on these exports
Discuss the pros and cons of annuities when compared with other financial instruments and whether they provide a better investment opportunity for some people.
Elucidate how much the equilibrium quantity of wheat sold. Elucidate the actual cost which is equal to the equilibrium cost.
Elucidate how if at all every of the following events will affect a country's production possibilities curve.
Gross domestic product (GDP) measures: Which of the following is considered an increase in investment in the calculation of GDP? Which of the following activities would be included in the calculation of U.S. gross domestic product in 2004?
Elucidate how would a gradual increase in the percentage of fathers who stay home to care for young children while their wives continue working ultimately alter the male-female wage gap.
If you invest $1,000 today, how much will it be worth in 20 years? Assume that the money will grow at the interest rates: of 8% compounded semi annually during years 1-10, and 12% compounded quarterly during the remaining years.
What combination of T and M will you choose? Suppose that the price of day trip rises to $80. How will this change your decision making?
You will submit a 2 page paper based on an article about an economic topic. The paper should be a summary of the article and then analysis of the economic principles discussed (Supply & Demand for a product, Elasticity of a certain product, or analys..
Suppose that aggregate planned expenditure increases by $0.75 trillion for each $1 trillion increase in real GDP. Compare the shift of the AD curve with the $1 trillion increase in investment. Explain the magnitude of the shift of the AD curve.
Assume that the consumer has $10 to spend on A and B; that is, x + y = 10. What is best way to allocate the expenditure of the $10? What is the marginal utility per dollar in the optimal allocation?
q1. rex has determined that demand for his product is given by q180-5p and cost equation given by c75.3q. determine the
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