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The 2015 consumer report ranking indicated that US consumers prefer Lexus cars over Ford cars: Lexus was the car brand with the highest consumer satisfaction rating, while Ford only made it to the 24th spot in the consumer happiness ranking. Nonetheless, Ford is selling many more vehicles than Lexus.
How can you explain this apparent paradox?
the world bank is currently advising newly industrialized countries on how to encourage growth and they have asked for
Find out the income elasticity of demand. Elucidate whether gas is a normal or inferior product.
What is one significant consequence of fractional reserve banking Banks are vulnerable to "panics" or "bank runs." Banks can only lend an amount equal to its deposits. Banks hold a portion of their deposits in gold. Banks can serve the withdrawals..
The market is perfectly competitive with constant input prices, and each company has the same cost structure, described through the following table:
suppose a single parent can work up to 16 hours per day at a wage rate of 10.00 per hour. various income maintenance
Calculate the per capita GDP for the most recent available year for the countries with the equation given in the far right column.
Using an IS-LM diagram analyze what would happen to the economy if both consumer and business confidence decrease dramatically. Which policy mix would you advocate? Explain using a diagram.
What is the expected rate of return on their investment if they buy u units of insurance? What number of units will minimize the standard deviation of their return? What is this minimum value? And what is the corresponding return?
Calculate the change in producer surplus due to the price ceiling - Calculate the change in consumer surplus due to the price ceiling.
First class passengers generally pay higher fares than coach passengers,even when they take advantage of advance-purchase discounts. Is this price discrimination?
1. What is a demand function? Which variables determine demand? 2. What happens to demand when the following changes occur? a. Price of the good declines.
for each of the examples below answer the following questionsa is there an externality? if so describe it including
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