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In about 200 words briefly describe the importance of the law of diminishing marginal utility.
Your work should grammatically correct and free of plagiarism. This assignment is worth 10 points of your cat.
Recently, Pacific Cellular ran a pricing trial in order to estimate the elasticity of demand for its services. The manager selected three states that were representative of its entire service area and increased prices by 5% to customers in those a..
What do economists mean by the law of one price? Why might the law of one price be violated? What is the value of the exchange rate that satisfies absolute PPP?
Competitive market prices are determined through interplay of aggregate supply and demand, individual firms have no control over price. Market demand reflects an aggregation of the quantities that customers will buy at every price.
Suppose that the exchange rate between the Polish Zloty and the U.S. dollar is currently 4 Zls to the dollar. The one year forward rate for the Zloty is 4.5 Zls to the dollar. If U.S. inflation is 3% what is the approximate Polish inflation rate if r..
What is the relationship between the change in price and total expenditures for an elastic demand curve?
What are the short-term and long-term arguments for and against a near term change in government actions-The rapid pace of growth of government spending in recent years has markedly increased the national debt
Discuss the various ways governments can handle externalities, such as noise from a local airport or a barking dog or building of commercial office space or an industrial building in a residential area How does the assignment of property rights af..
Why has the Federal Reserve selected this policy at this time? What efects does the Federal Reserve expect this policy to have on the U.S. economy?
1. The first step is to enter basic info such as name, email, and phone. 2. The applicant receives a SMS verification code to confirm that the phone number entered is correct. 3. The applicant then enters the code and proceeds with the rest of the ap..
The more the competition among the sellers, the less the producer surplus enjoyed by the producers do you agree with the statement.
The government of a country increases the growth rate of money supply from 5% per year to 50% per year. What happens to prices? What happens to interest rates? Why might the government doing this?
Assume a country has a population of 61 million, of which 37 million are in the working age population. Of those, eleven million are not in the labor force and 23 million are employed. Determine the labor force participation rate.
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