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Q1. Suppose demand for inkjet printers is estimated to be Q = 1000 - 5p + 10pX - 2pZ + 0.1Y. If p = 80, pX = 50, pZ = 150 also Y = 20,000; answer the subsequent: Illustrate what is the price elasticity of demand?
Q2. According to a recent study, "Stricter college alcohol policies such-as raising the price of alcohol or banning alcohol on campus, decrease the number of students who use marijuana." On the basis of this information, Explain how would you state alcohol also marijuana?
Calculate Marginal Revenue from demand if the marginal propensity to save is 0.05, how large is the multiplier.
How might you construct a measure of the "change in the price level" What additional information might you need to construct your measure.
If the government imposes a ceiling of $6 on the price of the firm's product, Illustrate what output will the firm produce also Illustrate what will be total profits.
Country Z is a developing country that is facing problems of deforestation.
If there was a capital gain tax of 30 percent, what is the after-tax real interest rate, with the inflation rate of 8 percent.
Determine the price elasticity of demand at each quantity demanded using the arc or midpoint formula.
Besides elections and campaigns, do the major political parties influence public values and ideas.
Illustrate diagrammatically the set of allocations that are Pareto preferred to the initial allocation.
Discuss the policies that Keynes as well as Hayek supported regarding how federal government ought to manage economy. What are differences between each school of thought.
A consumer must pay $10 per visit to an amusement park for the first five visits but only $5 per visit beyond five visits. What does the budget.
Illustrate the expected total monetary loss under 4% of annual interest rate if this park is permanently closed this year.
Suppose we randomly poll 500 Americans and ask them whether they believe that the parents are involved. What is the distribution of the sample mean.
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