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What are the two primary factors that determine the elasticity of demand for a given product or services? What are some examples from your own life, and why do you consider their demand to be elastic (or not!)?
Could you please help me to illustrate the causes and effects of a speculative attack? (Assuming a fixed exchange rate system)
Econ 522 - Economics of Law - Calculate the consumer's demand, and his utility, in the absence of government intervention - How much revenue does the government raise with this tax?
a. Explain what happens to total revenue if Company A increases its prices. b. Explain what happens to total revenue if Company B increases its prices.
Summarize the major provisions of the law that you chose. Describe the economic impact of the law. Provide specific economic data from credible references. Has the law improved the environment or situation? Provide specific data from credible referen..
You are hired by the government to evaluate the impact of a policy change that affects one group of individuals but not another. Suppose that before the policy change, members of a group affected by the policy averaged $17,000 in earnings, and member..
the last major conflict between the US army also Native Americans took place at
Suppose that the labor market is competitive and there are a total of 1,000 black workers and 1,000 white workers (who each supply their labor in elastically). Both black and white workers are equally productive, having constant individual dollar pro..
Skateboards must be produced with exactly 4 wheels and 1 board for each skateboard. (Suppose that no assembly is required, so labor is not an input.) Let Q be the number of skateboards, W be the number of wheels, and B be the number of boards. The pr..
Those who use it to make ethanol and those who use it as animal food. Suppose the elasticity of demand differs between these two groups. Is a perfectly competitive corn farmer able to price discriminate? Why or why not?
assuming that the marginal utility of the first four pieces of candy was 30, 28, 24, and 18 respectively, how much total utily was derived from eating three pieces of candy?
What is the quantity that maximizes profit? What is the revenue and profit at that point? What is the quantity that maximizes revenue? What is the revenue and profit at that point?
There are many factors that companies have to watch when they expand to a new foreign market - in your opinion, what is the most challenging risk to consider from a financial stand point?
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