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American smoke 470 billion cigarettes and the average price per pack was $2. If the price elasticity of demand is -0.4 and price elasticity of supply is 0.5, compute the demand and supply linear equation.
Suppose the interest rate on 6-month treasury bills is 7 percent per year in the United Kingdom and 4 percent per year in the United States.
Elucidate five specific actions which can be expected to cause the equilibrium of ice cream to increase.
Suppose that Jenny is the only consumer in the antique car market. Her willingness to pay for an antique car is $200,000. Based on Jenny's willingness to pay, plot her demand schedule in the graph below using the blue points (circle symbol). Line ..
What arguments can be made for charging a lower than the profit-maximizing price. What price from the available prices do you recommend.
Why the adverse effect on output is larger when the Fed is decreasing money supply than holding it constant.
Does the coffee marketplace meet all six conditions of a perfectly competitive marketplace.
Explain how much of input 2 does it use. B) What is the most that it is willing to bribe an inspector to allow it to use another unit of input 1.
During the average month in 2006 she was logged onto the Web for 17 hours. Illustrate what is the average cost of an hour of Web time to Kety. What is the marginal cost of an additional hour.
How much should it raise government spending, if the government looks to raise income to 3000.
Using this demand function, find the total revenue function. What is the shape of the total revenue function.
Illustrate what factors might explain why the $A went so low when the Global financial crisis hit the world economy in late 2008?
Who would pursue the first objective (maximizing revenues). Explain how could Ralph Lauren s managers provide an incentive for profit-maximizing behavior.
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