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Question: Consider an increase in the demand for petroleum engineers in the United States. How would the supply of these engineers respond in the short run and in the long run? Conversely, consider a decrease in demand for lawyers. How would the supply of lawyers respond in the short run and in the long run?
Indicate on the graph the effect of an N$300 million increase in investment spending and comment on the magnitude of change in the equilibrium income relative.
How could the incentives facing the people at the FDA be changed to reduce the incidence of Type ii errors Is it possible to compare the FDA approval process with the drug -approval process in other nations
Which of the two options should Patricia pursue if she wants to open a restaurant in a suburban area of Los Angeles? Calculate the total expected utility from each restaurant option and compare.
the economic analysis division of mapco enterprise has estimated the demand function for its line of weed trimmers asqp
elasticity-a the price of good x goes up by 2.75 the quantity demanded of good y goes from 10500 units to 25000. what
When economists speak of "marginal," they mean. Managers undertake an investment only if. A company is producing 15,000 units. At this output level, marginal revenue is $22, and the marginal cost is $18. The firm sells each unit for $48 and average..
Has Quantitative Easing (QE) proven to be an appropriate and effective response to the Great Recession in the United Kingdom and the United States? Compare and contrast QE in both countries from 2008 until the present time?
Home's currency is the peso and trades at 1 peso per dollar. Home has external assets of $200 billion, all of which are denominated in dollars. It has external liabilities of $400 billion, 75% of which are denominated in dollars.
Potatoes cost Janice $1 per pound, and she has $5.00 that she could possibly spend on potatoes or other items. If she feels that the first pound of potatoes is worth $1.50, the second pound is worth $1.14, the third pound is worth $1.05, and all subs..
As an executive-level manager, how would you explain what sexual harassment is to your subordinates? As someone who manages mid-level managers in organization.
The correlation between NEA and fat gain is r = -0.7786. The slope of the regression line for predicting fat gain from NEA is b1 = -0.00344 kilogram per calorie. What are the correlation and slope for BMR and fat gain? Explain why these values sho..
With an aid of diagram (consist of both demand & supply curves) show & explain what happens to the equilibrium price & quantity when:1. the preference for pepsi suddenly increases 2. the price of milk has increased which increased the cost of ice cre..
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