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the demand for a candy bar is expressed by the function:
Qd represents the number oF candy bar demanded,
P represents the preice of candy bar,
R represents consumer average montly income ,
P represents the price of chocolate a related produce
1- Illustrate what can we conclude about the income elasticity of demand?is it positive or negative?what class of goods candy bar belongs to?
Explain how large an income tax cut is needed Alternatively Explain how much more government spending would achieve the target.
The ABC Corporation is contemplating purchasing a new computer system that would yield a before-tax return.
The benefit of cutting down a forest is $1 million now. the environmental cost of that harvest is $10/year forever.
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Use EViews to get the correct critical t values for constructing the interval.
As she will be in a lower tax bracket. As her financial advisor, which option do you recommend.
Evalute any one economic model of such imperfect competition, and assess how well it explains the behaviour of real firms, and the results such behaviour might have upon the efficiency of resource allocation.
Find out the ash equilibrium outcomes to this game. Illustrate which of the equilibrium outcomes is most reasonable.
Explain which industries have substantially reduced fixed cost commitments. Reduction in costs has substantially impaired the ability.
Compute the marginal and average tax rates for three individuals respectively earning $70,000, $93,500 and $200,000 annually.
Suppose that there are freezing temperatures in Florida. At the same time the press reports that drinking orange juice significantly reduces the risk of stomach cancer. Predict the effect on equilibrium price and quantity.
Elucidate how does N the number of firms in the market, affect each firms Demand curve. Explain why.
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