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If the price of processor chips used in manufacturing personal computers decrease, what will happen in the market for personal computers? How will the equilibrium price and equilibrium quantity of personal computers change?
Due to an increase in her rent, Isa needs to cut back her spending on other items. Which type of goods will Isa consume less of.
Elucidate social media have a place in the business nation. How would you use social media to promote your business.
Illustrate what are the two main challenges of the international trading system? How have these concerns been negotiated among trading partners.
Consider a good being sold in both city A and city B. The correlation coefficient between the price of the good in city A and city B (using weekly data over the period 2007 to the present) is 0.92. We may conclude that city A and city B are in the..
Compute same after the OSHA guidelines have been met. Who pays the economic burden of meeting OSHA guidelines.
If J and K pay their Lindahl prices, what is the consumer surplus for J and K, respectively? What is the total consumer surplus for this society from consuming fireworks?d. Instead of their Lindahl prices, suppose J and K are each charged 2 per un..
Consider a tropical island economy with 2-sectors, souvenir manufacturing and hospitality. Both sectors are perfectly competitive, and workers are equally able and willing to work in either industry.
Illustrtae what is the value of a forward contract in terms of the current stock price, the interest rate, the delivery time.
Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope. These are called externalities. As a policy maker concerned with correcting the effects of gases and particulate..
Determine the price elasticity of demand for a resource. Why is it important and what is it used for.
Courts invariably throw out cases like hers. They are, however, willing to entertain suits against trade schools (those that teach skills such as welding and computer repair) by guarantee that make the same claims about inability to qualify for jo..
The agricultural market for corn usually can be characterized as a purely competitive industry. How might the following events affect the shot-run cost curves and output for a firm in the industry?
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