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Q. When prices are ($4, $2), Valerie chooses the bundle (9, 18), and when prices are ($1, $2), she chooses the bundle (8, 14). Is Valerie's choice of bundles consistent with the Weak Axiom of Revealed Preference?
Q. Airbage use led to increase in car crash.despite this finding,the government manadates that new cars have air bags rather than taxing their use.is this policy a contradiction
Elucidate how much the equilibrium quantity of wheat sold. Elucidate the actual cost which is equal to the equilibrium cost.
Elucidate the dynamics through which an increase in the stock of money affects real output and the price level in the short run.
Illustrate what were the major factors that have affected US household consumption While the recession in 2001
Susie's boss offers her $100 to come to work instead. In considering what to do, which of the above would be considered a sunk cost.
Compare the additional revenue Microsoft makes as it moves from 20 million to 40 million copies of Vista with the additional revenue it makes as it moves
Compute the price elasticity of demand for good X between the two prices on the demand curve. Describe the price elasticity of demand for good X.
Pharmaceutical drugs have an inelastic demand, as well as computers have an elastic demand.
A Los Angeles firm uses a single input to produce a recreational commodity
Draw the production possibility curve and a. Define consumer surplus and producer surplus.
Microsoft wants to sell more copies the additional income from each additional copy it sells.
Explain how is world currency valued against the US dollar such as Euro and Chinese.
Illustrate fiscal policy action might increase investment and speed economic growth.
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