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If the FDA announced that a scientific study had discovered that eating bananas provided previously unknown health benefits, what would likely change in the banana market? How would that change affect the market equilibrium (price and quantity)? Who would come out ahead as a result of those changes?
Carl is considering attending a concert with a ticket price of $35. He estimates that the cost of driving to the concert and parking there will total an additional $20. In order to attend the concert, Carl will have to take time off from his part-tim..
The company ises MACRS depreciation and its marginal tax rate is life of 5 years). The 10 cars were sold at the ending a MARR of 10% and using NPW, determine if this was a good investment on an after-tax basis.
Suppose that the natural rate of unemployment in a particular year is 4 percent and the actual rate of unemployment is 11 percent. Use Okun’s law to determine the size of the GDP gap in percentage-point terms. If the potential GDP is $500 billion in ..
Assume that the monopolist has a cost that is always increasing with the quantity produced: C0(q) > 0 for every quantity q. What happens to the monopolist's quantity when the price elasticity of demand is always less than or equal to 1? Justify your ..
The heart of Toyota’s strategy in motor vehicles is to outcompete rivals by manufacturing world-class, quality vehicles at lower costs and selling them at competitive price levels. Executing this strategy requires top-notch manufacturing capability a..
Assume that Congress imposes a tariff on imported autos to protect the U.S. auto industry from foreign competition.
q1. suppose you read in the newspaper that all last week the fed conducted open market acquires and also on tuesday of
A sample survey to estimate the fast-food market in a large city was kept small enough to allow repeated follow-up. The high response rate meant that the sample was essentially random. Calculate a 95% confidence interval for the mean of the whole pop..
Ahmed Mustafa just turned 22 and wants to have $10,283 saved in 8 years by his 30th birthday. Assuming no additional deposits, if he currently has $6,000 in an intermediate-term bond fund earning 5%, how much will Ahmed have on his 30th birthday? Rou..
Which one of the following is NOT an assumption of the Economic Order Quantity (EOQ) model?
Using the net benefit ratio method of Deaton, please tell us whether a 10% increase in output price will increase or decrease the economic welfare of each of the following three agricultural households, by how much, and why (be sure to show your w..
Why are trade agreements important for the various countries involved? How is international trade related to the U.S. standard of living as opposed to the standard of living of a small industrial nation
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