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Over the years the market demand for “long-playing records made of polyvinyl has fallen considerably as new technologies replaced the old “lp” yet lps are still available for sale and they sell at price points higher (in some cases much higher) than CD’s. According to economic theory when demand falls, the price of a product should fall. Explain this apparent contradiction between theory and fact.
Become an advocate for either the consumer or the industry. Prepare an argument explaining the major reasons why you support either the consumer or the industry.
suppose the government is considering the imposition of a unit tax to be levied on beer producers. the view of
If he is an expected utility maximize who tries to maximize the expected value of ln W, where ln W is the natural log of his wealth, Explain how many coupons would it is rational for him to buy.
Suppose that Portugal and Austria consider trading stained glass and fish with each other. Portugal can gain from specialization and trade as long as it receives more than of fish for each pane of stained glass it exports to Austria. Similarly, Aus..
Set up a Ricardo-type comparative advantage numerical example with two countries and two goods. Distinguish “absolute advantage” from “comparative advantage” in the context of your example. Then select an international terms-or-trade ratio and explai..
When aggregate demand shifts left along the short run aggregate supply curve, then unemployment?
Fiberia Accessories, a clothing retailer, is planning to introduce a new line of sweaters as part of the winter collection for $65 with an inventory of 1500. The main selling season is 60 days between November and December. Calculate the daily sales ..
q. if 2 specialized athletes take steroids they each one earn a life span income net of health costs of 3 million. if
Illustrate the use the orange points square symbols to plot the portion of the supply curve that corresponds to prices where there is positive output.
As the number of workers at each factory increases, which factory will experience diminishing returns first.
q.ajax inc. is a monopolist. the estimated demand function for its product isqd 120 - 0.8p 12y 4awhere p represents
Illustrate what does this imply about short-run and long-run Phillips curves in se two types of countries. Illustrate what does this imply about effectiveness of monetary and fiscal policy to reduce unemployment rate.
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