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Q. Calculate the price elasticity if paint prices increase from $3.00 to $3.50 and usage decreases from 35 gallons a month to 20 gallon a month
Q. Illustrate what will happen to equilibrium price As a local cable company offers cheaper pay- per-view films, local movie theaters have more unfilled seats.
The price of twinkies fell from 0.80 to 0.70.As a result,the quantity demanded of Ho-Ho's decrease from 120 to 100. Illustrate what would be the appropriate elasticity to compute. compute this elasticity.
Assume to latest discoveries in biochemistry significantly lengthen our life expectancy. Illustrate what is the impact on the educational attainment of workers
Elucidate how they will help to improve the GDP as a tool for measuring the well-being of a nation.
If the bank compounds interest yearly, explain how much will you have in your account on January 1, 2015
Their government seeks counsel on the wisdom of a relative emphasis on health and health investment versus other forms of economic investment.
Explain how do acts of intellectual piracy hurt American companies.
If you want to make four equal payments on each January 1 from 2013 through 2016 to accumulate the $1,000, how large must each payment be.
Suppose she is offered a new job that would pay her $15,000 and would bring her earnings high enough so that she no longer qualified for any welfare benefits.
Consider a perfectly competitive market for catfish. Fishers who catch catfish clean and package them before offering them for sale. The graph below shows the cost curves of a typical firm in the market.
Suppose a consumer is at an optimum, consuming 6 hamburgers a week at a price of $1.50 each and 10 donuts a week at 50 cents a donut.
How many tickets to sell to maximize total welfare.
What happens to the demand for Sara's sweatshirts in long run. In long run, what happens to Sara's economic profit.
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