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Q. suppose that people consume only three goods,as shown in this table.
(tennis ball)( golf balls)( bottle of gatorade)2009price $2 $4 $12010quantitiy 100 100 2002009price $2 $6 $22010quantity 100 100 200
a.If you were to learn about a bottle of gatorade increased in size from 2009 to 2010, should that information affect your calculation of the inflation rate? If so, how?
b.If you were to learn about gatorade introduced new flavors in 2010, should that inflation rate? If so,how?
Write down an expression describing total income from tickets plus popcorn plus other concessions. Forecast total incomes for regular also special Tuesday-night pricing.
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If the value of M increased from 50,000 to 60,000 also nothing else changed which would equilibrium price increase or decrease. Would the equilibrium quantity increase or decrease.
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Elucidate Illustrate what you can do, if the best technology was used to produce the components of the system.
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Expecting that wool prices would remain high, wool producers raised a lot more sheep.
Illustrate what is factor-proportions theory, also how is this theory useful in determining production advantages
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Explain why sharp decline in oil prices might not necessarily have positive or negative impact.
Explicate how firms decide on where to produce depending on the marginal product and average product.
Rusal believed the price of aluminum would fall because of the growing accumulation of inventories worldwide.
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