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Forty years ago, the price of a new Volkswagen was $5,000. (Actual price adjusted to simplify the calculation). The price of a new Volkswagen is $25,000 today. Basing your answer solely on the aforementioned prices, by what percent have prices increased over the past forty years? (Show your work). What average annual inflation rate would have resulted in this answer?
You are trying to decide whether to take a vacation. Most of the costs of the vacation (airfare, hotel, and foregone wages) are gauged in dollars, but the benefits of the vacation are psychological. Compare the airfare and hotel costs of the vacation..
To what effect (income or substitution) do you attribute the change in utility levels between part a and part b?
Explain the most important characteristic in perfect competition, monopolistic competition, oligopoly, and monopolies and relate the characteristic to how these firms can make profits in the short run.
charging 17.99 a month for an unlimited number of movie rentals three at one time. netflix revolutionized the movie
In the short run, a firm charges $4 per unit and sells 620 units of output. Its short run variable costs (SVC) are $2500; its short run fixed costs (SFC) are $3000; and its short run total costs are therefore $5500. From this information, we ca..
describe the events leading to the louisiana purchase. what objections did jefferson hold and how did he reconcile
a. describe the various instruments of monetary policy and how they are used.b. through what channels does monetary
What determines whether an international environmental agreement is needed to address a given pollution problem, or whether action by individual governments is sufficient?
Why ethnic communities have more success in achieving greater goals? Discuss why you think such ethnic or religious minorities have been able to develop greater achievements in certain fields than others?
i critically analyze the short-term and long-term effects of a large budget deficit and public national debt. in your
alex fiani corporation produces egg cartons that are sold to egg distributors. alex fiani corporation has estimated
What is meant by horizontal differentiation? How can one define the properties and purposes of structure?
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