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Lorena likes to play golf. The number of times per year that she plays depends on both the price of playing a round of golf as well as Lorena's income and the cost of other types of entertainment-in particular, how much it costs to go see a movie instead of playing golf. The three demand schedules in the table below show how many rounds of golf per year Lorena will demand at each price under three different scenarios. In scenario D1, Lorena's income is $60,000 per year and movies cost $11 each.
In scenario D2, Lorena's income is also $60,000 per year, but the price of seeing a movie rises to $13. And in scenario D3, Lorena's income goes up to $80,000 per year, while movies cost $13.
to be specific suppose we have a two-period model. an individual earns labor income y0 100k at time zero and earns no
What is the law of diminishing returns? Can you provide an example of when diminishing returns have set in (could set in) at a work place?
An industry consists of three firms with sales of $200,000, $500,000, $400,000. Compute the Herfindal-Hirschmann index (HHI)
What is the long-term equilibrium enrollment in the tuition reimbursement sub-program and which sub-program's long-term equilibrium would be more greatly affected?
Current economic conditions in the U.S. - Consider the macroeconomic data for the U.S. The the nationwide
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Changes in real GDP serve as a better measure of the health of the economy than GDP because real GDP measures:
A company has a EBIT to be $100,000 every year forever. The company can borrow at 5%, has no debt and cost of equity of 15%. If the tax rate is 25 %, find out the value of the firm?
1.given the demand curvep 20-0.5qwhere p is the dollar price per unit and q is the number of units sold per month and
Assume that the price of silk ties in a perfectly competitive market is $19 and that the typical firm confronts the following costs: Quantity (ties per day) 0 1 2 3 4 5 6 7 8 9 10, Total cost $10 $17 $26 $37 $50 $65 $82 $101 $122 $145 $170
Affection of the global recession and Inflation in the economy of any country - causes of the global recessions and inflations on the economy of both countries and the affect of the global recessions and inflations on the economy of both countries.
Explain the predicted impact, other things equal, on the terms of trade of developing countries of relatively slow growth in demand for developing countries goods by developed countries combined with relatively rapid growth in demand by developing..
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