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Why would legislators most likely ask interest groups to help shape public policy?
because interest groups are paid to advise lawmakers about issues
because interest groups are knowledgeable about specific issues
because interest groups donate to their campaigns at election time
because interest groups demand that they be heard on certain issues
Are salsas and chips complementary or substitute goods.
Illustrate what conditions would minimize the extent of manufacturing job loss associated with this price increase.
In some states, mining for coal leaves large amounts of rubble, which poses flooding problems; causes land damage also is unsightly.
A merchandise trade deficit arises when: The balance of payments on financial account: When capital can flow freely among countries: If the dollar appreciates against the euro: Which of the following is true at the equilibrium exchange rate? A floati..
A machine used to cereal boxes dispenses, on the average, ounces per box. What is the largest value.
What is this firms total cost function, average cost function, average variable cost function and marginal cost function.
George bought a car for $26,500. He made a down-payment of $4,500 and financed the rest on a 5-year term with a monthly payment of $575. What is the interest rate per month for the loan? What is the nominal interest per year? What is the effective in..
A cappuccino vending machine is designed to dispense an average of μ oz per cup. If the ounces per fill are normally distributed, with a standard deviation of 0.4 oz, what value should μ be set at so 6 oz cups will overflow only 2% of the time?
Given the demand curve P= 2,000 – 2Q and marginal costs of MC = 1,100 + 2Q, the firm’s profit will maximize at equilibrium price and output of: Based on the demand and cost function in previous question, in a two-part tariff pricing strategy, what is..
Some firms prosper by expanding during recessions what are the risks that they take are there circumstances in particular industries under which a more cautious approach might be advisable
Consider the following production function f(k,l) = k^1/3 + l^1/3. Suppose the government taxes labor at by an amount t per unit of labor. Rewrite the long run cost function including the tax.
Suppose that during the past year, the price of a laptop computer fell from $2,650 to $2,430. During the same time period, consumer sales increased from 495,000 to 664,000 laptops. Calculate the elasticity of demand between these two price–quantity c..
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