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a) Suppose the income elasticity of demand for pre-recorded music compact disks is +4 and the income elasticity of demand for a cabinet maker''s work is +0.4. Compare the impact on pre-recorded music compact disks and the cabinet maker''s work of an economic expansion that increases consumer incomes by 20 per cent.
a firm is a monopoly with demand and cost functions given by p 200 - 2q and cq 2000 3q2 respectively. show your
Julia must select between two different designs for preventing closure, which will be in use indefinitely. Model 1st has a life of 3-years and cost of $8000, and maintenance of $1000 every year.
a justification for job training programs is that they improve worker productivity. suppose that you are asked to
you will apply economic principles presented in weeks one through three in this weeks assignment. your assignment
Meat industry, tourism and agriculture. Choose any ONE industry from this list and discuss the reforms been done in that industry.
youve entered into a contract to purchase a new house and the closing is scheduled for next week. its typical for some
Explain and show graphically how this market would be affected if there is an increase in the number of dairy farmers that produce hormone free milk and at the same time south african consumers chose to be more healthy?
How would government react to sudden, large changes in the price of a key commodity, such as gasoline, electricity, or prices on stocks on the New York Stock Exchange?
would it be possible to develop a market mechanism to deal with some negative externalities? would it be possible to
What function does money play for Dash, Crunch, and Bolt? Explain why Johnny's money is or is not part of the M1,and/or M2 money supply.
What is compound interest? How does it relate to the formula: X dollars today = (1 + i)tX dollars in t years? What is present value? How does it relate to the formula: X/(1 + i)t dollars today = X dollars in t years?
from criteria that influence the rate of adoption in what area do apple product excel and what area does apple product
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