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Supply and demand
1. What do you think will happen to the price and quantity of DVD players if:
a. The availability of good movies to play on DVD players increases?
b. Personal income increases?
c. The price of imputs used to produce DVD players decreases?
d. Ticket prices at local movie theaters decline substantially?
Explain the households budget line and its relationship to the indifference curve.
Would your answer change if you thought different German also Japanese policies may facilitate different US policies.
A monopolist sells in both Milwaukee also Cleveland and has identical marginal price of 8 in each market.
Compute the 10-year growth rate forecast utilizing the constant growth model with annual compounding, and the constant growth model with continuous compounding for each occupation.
What government officials increase the price of parking ticket from $40 to $50; they are surprised that their revenue actually falls. What happened?
Explain why should you, as a future employe, be concerned about the downward trend in labor productivity increases that have been observed since the early 1970s.
Derive an expression for the marginal utility of good 1, and for the marginal utility of good 2. Using these, solve for an expression describing the slope of an indifference curve: MRS(x1,x2).
As per the Ministry of Finance also the keiretsu are there other problems.
Discuss how each of the following will affect the marketplace clearing price and quantity in each market. How does the supply and/or demand curves will shift in the following cases.
A firm uses a single plant with costs C = 160 + 16Q + .1Q 2 and faces the price equation-Find the firms profit maximizing price and quantity. What is its profit?
Assume that Japanese and U.S automakers produce on identical isoquats. Wages are higher in Japan than in the United States.
Find out one story about the economy that has been in the news lately.
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