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Qs= 89830 - 40Ps + 20Px + 15Py + 2I + 0.001A + 10W
Assuming the price of Y's motorboats decreases by $300, what change in demand for Smooth Sailing's sailboats will result (give numerical value too)? Show all work.
The opportunity cost of a choice is: A. the net value of the opportunities gained. B. the value of the opportunities lost. C. the difference between the benefits and costs of the choice. D. sometimes positive or negative.
In 2008 the Federal Reserve took pretty extraordinary measures in an attempt to stabilize the economy. You need both equations and clearly labeled graphs (separate graphs for each question) to answer the following questions. Assume that b=1 and that ..
The economic theory of bureaucracy states that athletic directors: Relative to a perfectly-competitive labor market, a monopolized one: The marginal costs of effort tend to:
The gap between average total cost (ATC) and average variable cost (AVC) becomes larger when output increases. Marginal cost curve cuts the lowest point of the average cost curve.
q1. peter and sally enter a bus and two adjacent cramped seats are free. they must decide whether to sit or stand.
You work for a nonprofit organization that promotes after-school tutoring for middle school children, and your coworker has asked you to help him determine the equation for the supply of tutoring in a particular neighborhood. He states that his resea..
If output prices rise without the nominal wage rising, then real wages rise and workers are willing to work more. This is one of the main reasons that the short-run aggregate supply curve slopes upward.
(a) Construct a choice table for interest rates from 0% to 100%. (b) The owner will not open The North End unless he can expect a 15% rate of return.
Gina Picaretto is production manager at the Rich Manufacturing Company. Each year her unit buys up to 100,000 machine parts from Bhagat Incorporated. The contract specifies that Rich will pay Bhagat its production costs plus a $5 markup (cost- plus p..
Lightweight personal locator beacons are now available to hikers that make it easier for the Forest Service's rescue teams to locate those lost or in trouble in the wilderness. How will this affect the costs that the Forest Service incurs?
Calculate the government spending multiplier. If the government increases its spending by 30,000, by how much is GDP going to increase?
Better Buy is having a sale this weekend on digital cameras. Its two most popular models are on sale but their sales are not independent. If the price of one increases, the sales of the other increases. In economics this is referred to as substitutab..
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