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Barbara must buy four new tires for her car. She is considering buying tires that are $25 apiece more than her regular brand, because the higher priced tires are supposed to increase the miles per gallon by 20%. If the tires are good for 48,000 miles and she drives an average of 1,000 miles per month, gas costs $2.50 per gallon over the next 4 years, and the car gets 30 miles to the gallon now (on the old tires), should she purchase the more expensive tires?
You are given the following information about a country’s international transactions during a year: Item Value ($ millions) Exports 526 Imports 402 Net Income from Foreigners 3 Net Unilateral Transfers -8 Net Increase in the Country's Holding of Fore..
If market participants expect stocks in the technology sector to increase in price next year, what will happen to supply, demand and price today? Give an answer and also show with a supply-demand curve. What else would be needed for an asset price bu..
In a Stackelberg industry with identical firms we know that firm 1, the leader, produces its monopoly quantity in equilibrium. Given this, does the Stackelberg leader necessarily earn a higher profit than the Stackelberg follower? Explain.
If these economists ignore the possibility of crowding out, illustrate what would they estimate the marginal propensity to consume (MPC) to be.
Illustrate what is shop's sales mix Illustrate what is shop's break-even sales volume in dollars. Explain how many bicycles of each type must firm sell to earn a target net income of $50,000.
q.although economists routinely use gross domestic product gdp and other national income and product statistics in
q.the market for water in urban areas in australia is often dominated by one provider for example sydney water in the
A normal demand curve is assumed to be downward sloping, identify any four abnormal(exceptional) demand curves
Explain why there is a chance that the social security trust fund may be depleted by 2035. Does this mean that social security will be bankrupt and will not be able to make any payments to retirees after 2035?
Elucidate how changes in government spending also taxes positively do or negatively affect the economy's production also employment.
What was the market structure after the merger? What does this merger say about the ability of companies to merge and form monopolies? What is the quantity demanded if cars sell for $30,000 each?
show and explain the equation of exchange based upon the velocity of money. Eventually this model was used to develop a demand for money theory. Why was this model not a good predictor of the demand for money?
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