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Stan Money maker needs 16 gallons of gas to top off his tank. I he drives an extra 8 mile round trip Stan can save an extra $0.05 a gallon. Suppose gas costs $3.10 per gallon and Stan gets 24mpg. Each mile driven gives off CO2 that has an environmental impact cost of $0.02. What are Stan's savings per mile on making the 8 mile extra trip, including the environmental impact cost?
Explain how many hamburgers does Ron produce. Illustrate what price does Ron charge for a hamburger.
the first automobiles were built in 1901, they were manufactured by skilled workers using hand tools. Later, in 1913, Henry Ford introduced the moving assembly line, which lowered costs and speeded production.
A bank borrows money from another bank on an overnight basis to meet reserve requirements. This money would be borrowed. determines the relative worth of money.
q.this question uses the general monetary model where l is no longer assumed constant and money demand is inversely
Explain how does the price elasticity of demand for corn oil influence the quantity-demanded of corn oil and the Total Revenue earned by sellers of corn oil. Explain, using economic terms, why this is so.
q.assume there are 100 identical firms in an initially competitive market. market demand is given by p10-q200 and
Use economic analysis to explain why the optimal amount of product safety may be less than the amount that would totally eliminate risks of accidents and deaths. Use automobiles as an example.
Merit goods have received considerable attention. Can concerts and other publicly provided services be rationalized using these ideas.
the incentive of entrepreneurs to develop substitutes for the product supplied by the firms? Are competitive pressures present in markets with high barriers to entry? Discuss
Calculation of the unemployment rate and part time workers who would prefer to work full time.
Illustrate what is the average value of a loyal customer (VLC) in a target market segment if the average purchase price is $50 per visit, the frequency of repurchase is 12 times per year.
Following the war, the government of Country A would like to impose tax RMx on cars. Ilustrate and explain with graph for the car market due to the taxes. In your opinion, who will bear more of the taxes imposed-suppliers or consumers.
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