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Calculating new price level
Company had 10,000 shoes sales ($100 a pair) per month, a major competitor cut their price and the company sales declined to 8000 shoes per month, If the company wishes to restore sales to 10,000 per month determine the price they need to charge. Company A estimates that the price elasticity is -2.0 in the price quantity range.
Suppose planned investment falls by 100. Graphically illustrate using the AE-Y graph the effects of this reduction in planned investment on the economy. Also calculate the new equilibrium level of income.
Illustrate and explain the interaction of households, businesses, government and global markets in the circular flow of economic activity.
The winners of the Nobel Prize in economic science were recently announced-who were they? For what contribution to our understanding of economics were they recognized?
Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.
Using indifference curve analysis, explain and show graphically the effects of higher gasoline prices on:
Explain the trade-offs between any three of these options. In other words, what will you gain, and what will you have to give up if you choose each of the three options?
Suppose he chooses to drive 10 hours a day explain how many hours of leisure and how much consumption does this imply.
Limit your reaction to stratigies which can work and reasons for their success.
The airline has an average of 40 passengers paying an average of $200 for this flight. Do you think the airline should be flying between the two cities? Evaluate from a short-run and long-run perspective.
Impact of technology advance a monopolist has the following demand function: Solve for the price and quantity that the monopolist would choose to minimize its profit. And also calculate the resulting profit.
Construct a graph showing the outputs, and prices before and after the corrective taxes were imposed.
During the period of airline regulation, the government set airline fares and regulated an air carrier's entry into and exit from particular markets.
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