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Suppose your weekly demand equation for Tim Hortons coffee is Q = 30 – 5P, and the price is $2/cup. Draw a demand curve and answer the following questions:
(a) How many cups of coffee will you buy per week?
(b) What is the marginal value for the last cup of coffee that you consume? What is the total value for all coffee that you consume in a week?
(c) What is your total expenditure on coffee per week? What is your consumer’s surplus? Specify the corresponding areas in your graph and calculate their size.
Unemployment generally remains stable and static overtime. Changes in technology and new workers joining the workforce have contributed to the overall upward in the unemployment rate. The behavior of the unemployment rate is related to the business c..
Develop an online service for IT training that includes scheduled as well as self-paced courses. The training service will be initially web-based but the architecture must have the option that different front-ends like applets, web services, or ot..
a draw the supply and demand for apartments. assume in this market all apartments are identical so there is only one
Why is it important to adjust for inflation when comparing nominal quantities at different points in time. What is basic method for adjusting for inflation.
How many people are unemployed according to the Burea of Labor Statistics? What is the unemployment rate according to the BLS?
If both nations reduce trade barriers and again begin to trade but now N1 exports goods into N2, but N2 has little to export into N1, what will be the nature of capital and labor flows between the two nations? Explain your reasoning.
Explain what happens to observed prices in posted offer and double auction markets as the number of sellers drop. Explain what happens in these two markets as the number of sellers drops to only one seller. Explain why part llustrates the first exper..
Suppose a firms benefit and cost structure is given by the following respectively B(q) = 400Q-5Q^2 C(q) = 3Q^2 what is the output level at which net benefits are maximized?
q.at one time the country of aquilonia had no banks but had currency of 10 million. then a banking system was
When entrepreneurs are investing their own money, how do they decide which projects they should undertake? When political decision-makers allocate the funds of others (taxpayers), how do they decide which projects to support? Explain.
In a single year, the Netherlands can raise 100 tons of beef or produce 1,000 boxes of tulips. In the same growing season, Belgium can raise 50 tons of beef or produce 750 boxes of tulips.
q.1. predict what would happen to the labor force participation rate of women if wages for women decreased. explain.2.
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