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1. Which of the following would not tend to lower the price of VCR? a. Decreasing price of DVD players. b. Increasing price of video cassettes. c. Improvements in VCR production technology. d. Reduced price of raw material used in making VCR'S e. Increasing price of pay per view movies on cable TV. 2. At a price of $9.50/pound, people buy 45 pounds of lamb. At a price of $10.50/pound, people buy 35 pounds of lamb. What is the arc elasticity of demand for lamb in this price range? a. 1.0 b. 2.5 c. 0.4 d. 3.0 e. none of the above 3.An unregulated negative production externality will cause a private market to A. Produce less than is socially optimal B. Produce more than is socially optimal C. Produce more than market equilibrium D. Produce less than market equilibrium E. Produce the amount that is socially optimal 4.On the foreign exchange market, an increase in a country's exchange rate A. Decrease the quantity demand of its currency B. Increase the quantity demand of its currency C. Has no effect on the quantity demand of its currency D. Decrease the quantity supplied of its currency E. has no effect of the quantity supplied of its currency
A social problem where free markets are not allowed to function and conduct research on the social problem - describe how free market features could be introduced to help alleviate the social problem through free market operations of supply and dema..
briefly state the basic characteristics of pure competition pure monopoly monopolistic competition and oligopoly. under
What should have happened to the risk premium on Ukrainian government bonds after Russian troops invaded the Crimea in Late February? You need graphs and a brief written explanation to answer this question.
The following two equations represent the demand and supply schedules of motorbikes for Country A. Suppose country A is large enough to affect the world price of motorbike and therefore it faces an upward-sloping supply curve from the rest of world (..
Mathew's utility function implies that the marginal utility of apples is 0.5vX/Y and the marginal utility of hotdogs is 0.5vY/X . How many apples and hotdogs will Mathew buy?
Find Livia's best affordable bundle of tea and coffee. How does the equilibrium condition differ from the condition we derived in lecture for the "typical" case? How much could the price of a cup of coffee risewithout harming her standard of livin..
Which of the following is viewed as a fundamental building block of the U.S. economic way of thinking?
what action has our government taken in order to provide this good and service in an equitable fashion what are the alternatives to government intervention 3. what has been the end result of government intervention
What components of GDP (if any) would each of the following transactions affect. Explain. A family buys a new refrigerator, You buy a pizza, California repaves Highway 101, Your parents buy a bottle of French wine.
A $90,000 investment is made. Over a 5 year period, a return of $30,000 occurs at the end of the first year. each successive year yields a return that is $3,000 less than the previous year's return.
Suppose the equilibrium price in the market is $10 and the price elasticity of demand for the linear demand function at the market equilibrium is 1.25. Then we know that a demand is inelastic.
consider the organization you selected wal-mart. integrate the concepts and operations management principles that youve
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