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Suppose the market for grass seed can be expressed as QD = 100 - 2p and QS = 3p. At the market equilibrium, calculate the price elasticities of supply and demand. Use the elasticity values to find the tax incidences from a specific tax that is levied on the consumers.
Using the order condition of identi?cation, determine which of the four equations are identi?ed, either exact or over.
Explain how labour productivity is determined. In your answer address why human capital is considered to be so vital to lifting labour productivity levels.
explain why you would expect supply curves to slope upward on the basis of the principle of increasing opportunity
Jerry has $12 a week to spend on yogurt and berries. The price of yogurt is $2, and berries are $4 a box. How do Jerry's consumption possibilities change.
If the industry is perfectly competitive, what will be the total quantity produced? At what price and Which area reflects consumer surplus under perfect com- petition?
1. What's the CPI in the year 2005? (2004 Base Year) 2. What's the inflation rate for the year 2006 (Using the CPI)
Are you required to file a fictitious name application in your state and what types of business license are you required to apply for?
explain how the aggregate expenditure function shifts in response to change in each of the following variables. higher taxes are imposed on business profits
The question is related to economics and it explains Write down Ambrose's budget constraint? What are the optimal quantities of peanuts and x2 for Ambrose to consume? How much utility will he get?
Which standard tools of expansionary monetary and fiscal policies can be utilized to stimulate an economy towards growth without increasing the deficit to epic proportions?
Economic factors - gross domestic product, inflation, interest rates, unemployment and what type of presentation do you have in mind, Lester? Elasticity of demand and economies of scale and efficiency
If a firm in a perfectly competitive market experiences a technological breakthrough, A. other firms would find out about it eventually B. other firms would find out about it immediately C. other firms would not find out about it D. s..
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