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How would each of the following changes affect the demand cure for acupuncture?
A. The price of an acupuncture session increases.
B. A reduction in back problems occurs as a result of sessions on stretching on a stretching on a popular television show.
C. Medicare reduces the copayment for acupuncture from $20 to $10.
D. The surgeon general issues a warning that back surgery is ineffective.
E. Medicare stops covering back surgery.
A newspaper recently lowered its price from $0.50 to $0.30. As it did, the number of newspapers it sold increased from 240,000 to 280,000 (4 points) a) What was the price elasticity of demand for this newspaper (Arc/ mid-point formula)? What was the ..
Can anyone recommend some free software for students studying economics for use in senior projects, theses, or dissertations? What kind of economic freeware exists for economics students?
If market inverse demands in two markets are p1(Q1) = a1 − b1Q1 and p2(Q2) = a2 − b2Q2 and the firm produces according to C(Q1, Q2) = c1Q1 + c2Q2, determine the firm’s optimal quantity, price and profit level.
Identify an issue with opposing sides affecting your country, state, or city. Good sources to use for learning about this issue include CNN, the Washington Post, New York Times, and the Pew Research Center. Discuss the issue and offer some answers to..
$150,000 is deposited in a fund that pays 5% annual compound interest for 2 years, 3% annual compound interest for 2 years, and 4% annual compound interest for 2 years. If uniform annual withdrawals occur over the 6-year period, what will be the magn..
Different economies grow at different rates. Three countries that have done very well over the last three decades are China, India, and Ireland. Both China and India are huge while Ireland is relatively small. Why have these economies grown so quickl..
What will happen to bank reserves if interest rates rise following the fed meeting coming up in a few days? With the recent events in the markets, what measures have we taken in the past few years to handle a raise in rates? Please provide informatio..
Monopoly is often heralded as the ultimate goal of a firm, to be the only seller in a market. however the picture might not be as rosy as it appears if you actually reach monoply status. Why is that. How monopolies in real world earn huge rates of..
Explain how this tax affects the welfare of foreign consumers and producers. Is world welfare higher or lower? Explain.
Jorje is meeting with his subordinates to determine which workers from his department need training in order to handle production increases expected during next nine months.
The concept of balance of power is fundamental in international relations. What does it mean? How meaningful can it be at the beginning of the 21st century, given the impact of globalization and modern warfare in which one's opponents may not be atta..
Consider an economy in which people wish to hold bank checking deposits worth a total of 5 million goods and currency worth 2 million goods in every period. In addition there is a stock of un intermediated capital worth 10 million goods. Find the tot..
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