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Problem
1. You are working as a private math tutor to raise money for a trip during spring break. First explain why the price elasticity of demand for math tutoring might be elastic. Then explain why the price elasticity of demand for math tutoring might be inelastic.
2. You are working as a private math tutor to raise money for a trip during spring break. You want to raise as much money as possible. Should you should increase or decrease the price you charge? Explain.
Policymakers around the world often face what Obstfeld and Taylor dubbed a `policy trilemma': They want capital mobility for efficiency and edibility purposes;
An investor with assets of $10,000 has an opportunity to invest $5,000 in a venture that is equally likely to pay either $15,000 or nothing.
As Gasoline Prices Soar, Drivers Slowly Adapt As gas prices rose in March 2008, people drove shorter distances than in March 2007.
Random samples of five were selected from each of three populations. The sum of squares total was 100. The sum of squares due to the treatments was 40.
When someone's kidneys fail, the person needs to have medical treatment with a dialysis machine (unless or until they receive a kidney transplant).
Watch this video which demonstrates a real need for an OD intervention. What issues do you immediately see that need fixing? Give a brief SWOT
why dont economists use the same cost data as accountant use? why are costs important in economics? how do firms
Why is economics considered a social science and what role does economics play in your personal and professional lives?
the widget industry in springfield is competitive with numerous buyers and sellers. consumers dont differentiate among
Signaling Suppose that both employees and employers view GPA as a signal of quality. Suppose that with no effort, each earns a 2.7 GPA. The opportunity cost for a high-skilled worker to improve his/her GPA is $6,000 per 0.1 points.
The conclusion that the level of output is efficient at the market equilibrium rests on all of the following assumptions EXCEPT that __________ . A. buyers and sellers are well-informed B. there are no external costs or benefits
Presume a bank is faced with two kinds of borrowers- a high risk borrower that must be charged an interest rate of 9% and a low risk borrower that must be charged an interest of 4%. There is a 30% chance of getting a high risk borrower and a 70% chan..
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