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In a local hardware store the price of the store brand indoor house paint is $18 per gallon. The daily volume of sales is 30 gallons. The price elasticity of demand for the paint is estimated to be -3. Determine the demand equation for the paint assuming that it is linear (please show the math)
A large induced-draft fan is needed for an upgraded industrial process. The motor to drive this fan is rated at 100 horsepower, and the motor will operate at full load for 8760 hours per year.
Which of the following items are not considered resource costs even though they are counted as income paid to persons?
The consumption function is C = 0.75Y where the marginal propensity to consume MPC equals .75 (out of an additional $1 in national income 75 cents is consumed). The government increases its purchases by $100 million, and investment and net exports do..
A cost of living index is introduced in the previous exercise. Suppose the consumer’s direct utility function is u(x1, x2) = √x1 + x2. Let base and final period prices be as in part (a), but now let base utility be u0. Show that the value of the inde..
If the fed decides to use discount policy to increase the money supply what will it do? Be specific about who within the federal reserve system makes the decision, and who else is involved in the process.
Give me a write up on the PhD Research Topic "Modelling the relationship between interest rate, Energy Consumption and Economic Growth in Nigeria from 1980 to 2015"
In Pioneer Ville, the price elasticity of demand for bus rides is 0.5, the income elasticity of demand for bus rides is -0.1, and the cross elasticity of demand for bus rides with respect to gasoline (personal consumption) is 0.2. 3. Is the demand fo..
q. i would like you to read up on the following iposa. tesla motors tsla - 12910b. google goog - 4292004go to the sec
Indicate whether each of the following is counted in this year’s GDP: You bought a new Wii at GameStop last year and resold it on eBay this year. You purchase an “Investing for Dummies” book at Barnes and Noble. Your physical therapist receives $300 ..
Where is the United States in the business cycle? The U.S. is in between trough and expansion, but closer to trough. What is the real GDP today? What is the largest component of GDP? Consumption. What is the smallest component of GDP? Net exports. Wh..
q.consider two firms each of which is issued three marketable pollution permits. for firm h the marginal cost of
Graph and label the Lorenz curve for a country in which 1/4 of the population earns 3/4 of the income, 1/2 of the population earns 1/10 of the income, and 1/4 of the population earns 3/20 of the income. Assume that every individual within each class ..
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