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A local restaurant currently charges 20 for a popular fish dish and each night 100 customers order this dish. The same restaurant aslo has a side-order of chips on the menu at a cost of 5 per serve. When the price of chips increased to 5.50 sales of the fish dish fell to 90 customers per night. Calculate the cross price elasticity of demand for fish with respect to chips.
Explain your reasoning also explain Illustrate what she needs to do methodologically to make a stronger case.
A ?$500 increase in investment would be expected to increase real GDP by ?$ nothing. ?(Round your answer to the nearest? dollar.)
Which of the following determinants of marginal productivity cannot be acquired by someone who wants to increase future productivity? The effects of the national health care program on labor markets will. One reason some economists are critical of th..
What is out-of-sample prediction? Say you had 500 time-series observations and would like to determine how well your model is performing. How would you suggest obtaining an out-of-sample prediction?
Assuming that price of labor (L) and capital (K) are 12 and 3, respectively. One manufacturing company is facing production function given as Q=LK. derive your total cost function. Based on your total cost function, derive the average total cost.
What does it mean to be a carrier of a genetic defective characteristic? When might it be important to know if one is a carrier?
Our Discussion for this week will focus on prostitution and pornography. Please respond to the following questions/statements: Do you think pornography is harmful to American society? Do you think that pornography should be restricted in the United S..
Describe arbitration and discuss its advantages to litigation. Describe mediation and discuss its advantages to litigation. Describe two other forms of alternate dispute resolution and discuss their advantages to litigation.
Cost Planning; Gasoline Prices In June 2008, when gasoline prices were at an all-time high, greater than $4 per gallon, Chrysler Motor Company promoted its Jeep vehicle with the offer of either $4,500 off the price of the vehicle or the guarantee tha..
Suppose the money demand is ?at when the interest rate i is equal to zero and downward-sloping as usual when the interest rate i is greater than zero. Draw the IS, LM and AD curves. Suppose that the economy starts from a short-run equilibrium where o..
What does the term "bank failure" mean? What role does FDIC insurance play?
As you examine the various theoretical perspectives of Economic Development:
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