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What does the invisible mean in economics and how des it affect macro?
The generalized demand and supply functions for good X are Qxd = 100 – 2PX + 0.01M + 8 PY - 4Pz Qxs = 50 + 3PX – 6PI + PT Where Qxd = quantity demanded of good X Px = price of good X M = consumer income PY = price of good Y Pz= price of good Z Qxs = ..
The optimal price for a monopolist facing different demand curves in two separate markets will be. Which of the following statements is TRUE regarding network goods? Which of the following is NOT a feature of markets for network goods?
Farmer Brian has 3 acres of land which he farms efficiently. Each acre can support 20 apple trees. However the 3 acres differ in their ability to support orange trees. what would be the opportunity cost of growing another apple tree?
Explain what a slope of .5 would mean if you were measuring the relationship between consumer spending and income, where the dependent variable is consumer spending and the independent variable is income?
A monopolist's demand curve is given by P = 100 - 2q. (a) Find his marginal revenue function.
Describe a situation in which autocorrelation might be present and which of the three methods of detecting autocorrelation you would leverage. Explain your rationale. Describe what remedial measure you would take to address autocorrelation if it were..
A drug company has a monopoly on a new class of eye drops. The market demand is given by P=200-0.03*Q, and thus MR=200-0.06*Q. The monopolist's marginal cost is constant and equal to 20. Calculate the profit-maximizing price.
Firms are competing by choosing prices. Suppose that every firm's marginal cost is zero.
q1. research comes out that supports that drinking more green tea helps to keep you healthy. ceteris paribus what would
Olivia knows that Popeye likes spinach as much as $3 in terms of money, he likes tobacco $1 in terms of money, and he dislikes potatoes as much as if he had to pay.
What reforms are the most important for the business climate? How do democratic reforms have a positive impact on international business? Describe the relationship between a market economy and a country's economic progress.
Assume which winemakers in the state of Indiana petitioned the state government to tax wines imported from other states.
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