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Suppose that the demand curve for a product is given by P=36-Q where P is in thousands of dollars per auto and quantity is in millions of cars per year.
a. Please make a graph of the demand curve.
b. How much do buyers wish to purchase if price is 20?
c. What other things are held constant when one moves along a demand curve?
d. What is price elasticity of demand at price 20?
Compute the amount of the natural employment deficit in terms of both billions of dollars and as a percent of natural real GDP.
what is the threshold value of the discrimination coefficient "d" at which prejudiced businesses will start hiring only white workers?
Explain what happen if all workers and jobs were identical, there would be just one wage rate, assuming perfect information and costless mobility.
Elucidate how does consumer surplus after the discovery compare to Illustrate what would exist if the New Jersey oil were supplied competitively.
q1. suppose that the first week of summer jenny charged 25 cents for an 8-ounce cup of lemonade her next-door neighbor
Identify and briefly explain key macroeconomic issues that stand out as important to consider in business decisions.
Twenty randomly selected statistics students were given 15 multiple-choice questions and 15 open-ended questions, all on the same material. The professor was interested in determining on which type of questions the students scored higher.
Now suppose your utility functioin is U= (square root)Wealth. What is the maximum you will pay for the bike check-in now.
describe the three types of unemployment. What types of government programs would be most effective in combating each type of unemployment
A brewery is considering two potential production investments.
Illustrate what effect would this have on her dress price in the short run, assuming she is following the rules of profit maximizes.
Compare the additional income Microsoft makes as it moves from 20 million to 40 million copies of Vista with the additional income it makes as it moves from 40 million to 60 million copies of Vista.
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