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Q1. Laura bought word -processing software in 2005 for$50. Laura's twin brother, Laurence, buys an upgrade of the same software in 2006 for $50 what problem in the construction of the CPI dose this situation best represent.
Q2. The market demand and supply function for VCR movie rentals are: QD= 10 - 0.04p and QS 3.8P = 4. Calculate the equilibrium quantity and price and point elasticity of demand in equilibrium. Next, calculate producer surplus. Suppose that VCR movie rentals are taxed at $ 0.25 per unit. Calculate the revenues generated by the tax. Calculate the loss in producer surplus. What percentage of the burden of the tax falls on producers?
Find the mean and standard deviation of team payroll for the 14 American League and the 16 national League teams.
Visualize you are a manager for good or service used. From results of the deterioration equation, recommend strategies to either preserve demand if an increase over 3 periods occurs or improve demand
Discuss industry concentration, demand and market conditions and the pricing behavior of Kodak in the 1990's. Do you think the industry environment is significantly different today.
The Australian government administers two programs that affect the market for cigarettes
If income rises from 1000 to 1800 and consumption rises from 1100 to 1700 the marginal propensity to save.
Why might bad cars drive good cars out of the used-car market. Give at least two possible solutions to resolve this paradox.
Consider that, in this case, we 1st add (marginal) costs, not quantities, since these are the costs associated with each t-shirt.
Evaluate the financial performance of the company using the information providedin scenario. Consider all the key drivers of performance, such as company profit or loss.
In an effort to provide tax relief for households while still balancing the budget, Congress votes to raise business taxes and decrease personal taxes.
George and John, stranded on an island, use clamshells for money. Last year George caught 300 fish and 5 wild boars. John grew 200 bunches of bananas.
Suppose that the market for wheat is characterized by the following demand and supply relationships.
China has continued to lag well behind the rest of the world in information technologies
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