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Assuming other things equal, which one of the following changes could cause a leftward shift in the demand curve for good C?
A. an increase in money income if C is a normal good.
B. population growth that causes an expansion in the number of persons consuming C.
C. a decrease in the price of complementary product B.
D. an increase in money income if C is an inferior good.
Clear Water Company has a down-hole well auger that was purchased 3 years ago for $30,000. O&M costs are $13,000 per year. Alternative A is to the keep the existing auger. It has a current market value of $12,000 and it will have a $0 salvage value a..
q1. elucidate the impact of each of the following upon chartered bank reserves1 the bank of canada sells government
Suppose you have a demand function given by: Q = 360 ? 2P. What is the price elasticity of demand when the price is P = $20? You will have to use the point elasticity formula.
Which of the following are tools available to the Federal Reserve to influence the money supply directly?
A pharmaceutical firm faces the following monthly demands in the U.S. and Mexican markets for one of its patented drugs: Find the demand, marginal revenue, and marginal cost curves for each market. Estimate the profit-maximizing prices and quantities..
A semiprofessional baseball team near your town plays two home games each month at the local baseball park. The team splits the concessions 50/50 with the city but keeps all the revenue from ticket sales. Fill in the blanks The team earns $....... in..
Suppose U.S. interest rates decline compared to the rest of the world. What would be the likely impact on the demand for dollars, supply of dollars, and exchange rate for dollars compared to, say, euros?
Compare social welfare under the bribe with social welfare in the case where the police officer always abides by the law.
According to the Huffington Post on September 19, 2012,“Demand for the new Apple Inc iphone 5 has been incredible,' AT&T Inc Chief Executive Randall Stephenson said on Wednesday." The increase in demand causes equilibrium price to _ and equilibrium q..
q1. cally uses labour l and capital k in her production process. the wage rate for one unit of labour is 10 while units
Across the three social media options, which of the four measures is likely to have the greatest impact on the success of the branding campaign.
Provide optimal wage-bonus package, compute this employees' effort, expected payoff and employer's profit. Draw a game tree for employer-employee game in parts a-c.
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