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Q. Economists oppose limiting economic growth possibilities because such limits would inevitably involve
Q. Assume you are a painter also the price of a gallon of paint increases from $3.00 a gallon to $3.50 a gallon. Your usage of paint drops from 35 gallons a month to 20 gallons a month. Perform the subsequent:
1. Compute the price elasticity of demand for paint also Demonstrate your calculations.
2. Decide whether the demand for paint is elastic, unitary elastic or inelastic.
3. Explain you're reasoning also interpret your results
If there are 200 rooms also the operating costs $20,000 plus a cleaning fee of $5 per room per day, compute the profit during the one-week period.
Using the calculations from part a, and the methods described in class, calculate a 99% confidence interval for the population mean forecast, where the population 3 would consist of all economists.
A bank manager advises all of his loan officers that the average cost of funds for the bank over the past year
Overhead at the water cooler the demand also cost estimate which were provided at the meeting are very useful.
Assume which the market for avocados is perfectly competitive. The typical agribusiness firm is earning positive economic profit in the short-run equilibrium.
Assume that all other banks hold only the required amount of reserves.
This might be interpreted as an upward shift in the consumption function. How does this shift affect investment also the interest rate.
Assume that the marginal cost of providing lockers is zero as well as the monthly demand as well as for lockers is estimated to be best described.
When, if ever, is it acceptable for one state or groups of states to interfere in the domestic affairs of another state
Support your answer amid an illustration which shown market equilibrium for chocolate bars which comprise x and y interrupts of the curves and label them accordingly.
Some economists have suggested that the best way to control medical costs is to remove the profit incentive for health care providers, particularly hospitals.
What are price indexes designed to measure. Outline how they are construed. When GDP and other and other income figures are compared across time periods.
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