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The Republic of Republic produces two goods/services, fish (F) and chips (C). In 2006, the 200 units of F produced sold for $3 per unit and the 500 units of C produced sold for $1 per unit. In 2007, the 300 units of F produced sold for $4 per unit, and the 600 units of C produced sold for $2 per unit. Calculate Real GDP for 2007, assuming that 2006 is the base year.
Employing the new factory would ultimately reduce average total cost and the present value of the gain from employing the new factory must be less or equal to $50 million.
a profit maximizing monopolist is earning a postive economic profit. if workers wages rise what happens to price and
the bureau of labor statistics and federal reserve bank in st. louis both have a lot of economic information. based on
In the market in which David and Ellen have rent-controlled apartments, Ellen gets an apartment and Charlie does not. In the market with no price controls, the situation is reversed. Charlie gets an apartment and Ellen does not.
What factors determine the elasticity of resource demand? What effect will each of the following have on the elasticity or location of the demand for resource C, which is being used to produce product X? Where there is any uncertainty as to the outco..
ln q 2.737 - 1.247 ln p 1.905 ln iwhere q denotes passengers in thousands per year p the average ticket price and i
Why is knowing (or estimating) the product demand so crucial for a firm? In your response, include an example of a U.S. business that has suffered from poorly estimating the demand of its products.
draw on the reservation prices provided in question 6 and assume mixed bundling.suppose the bundle price is set at 3
why have soft drink firms chosen to use aluminum cans over glass bottles to fill its contents? how does the recycling
consider a monopolistically competitive market with n firms. each firms business opportunities are described by the
build a multiple regression model to explain the variability in the median school year. describe the goodness of fit of
Discuss the potential risks of using Web 2.0 tools. Provide several examples. What are the benefits of "build-to order" to buyers and sellers? Are there any disadvantages?
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