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Suppose that real consumer spending is 50, and spending on food, transport and leisure is 25, 10 and 5 respectively. Assume after 10 years real consumer spending doubles to 100. Explain how much do you believe will be the budget share of leisure
A. 5%.B. 10%.C. Less than 10%.D. More than 10%.
Bavarian Crystal Works designs and produces lead crystal wine decanters for export to international markets-What is the optimal level of production of wine decanters?
explain how the changes in the equilibrium price also quantity.
Characterize each of the following statements as true or false, and explain your answer.
What are the advantages and disadvantages of a fixed exchange rate system. What are the pros and cons of a floating exchange rate system.
The federal government, in an effort to stimulate the economy also decreases taxes on all individuals except those earning over $250,000 per year.
Elucidate your answer also describe terms relevant to elasticity used in your explanation.
A severe drought has make a shortage of tomatoes. Jim makes his own barbeque sauce. One of the main ingredients of his sauce is fresh tomatoes.
Explain what would happen to the slope or position of the AD curve in the following circumstances.
Explain how much is the market paying per share for growth opportunities. Exzplain what is your expected one-year holding period return on HP stock.
The average weekly earnings of bus drivers in a city are $950 with a standard deviation of $45. Assume that we select a random sample of 81 bus drivers.
Suppose that property rights to the environment are established, and Jack has them. Further, assume that Jack and May can engage in costless bargaining.
Illustrate what have been the implications for the business environment facing foreign investors of measures taken by the Indonesian government since the onset of the East Asian financial crisis in 1997.
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