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Every week, more and more apps are available for Droid-based smart phones. How does this affect the optimal price for Droid-based smart phones?
Draw the market Demand and Supply curves (on the same graph) for Ford and what is the market equilibrium price and quantity explain what you will observe in the market if the Ford car price is set at a higher than equilibrium price.
The index most widely used by the government and the private sector to measure changes in the cost of living is the GDP deflator or else.
Which of the following beliefs is not part of supply-side economics?
the fixed cost for a steam line per meter of pipe is 450x 50 per year. the cost for loss of heat from the pipe per
A flood control project with a life of 15 years will require an investment of $250,000 and annual maintenance costs of $20,000. The project will provide no benefits for the first two years however will save $60,000 per year in flood damage starting i..
Recently the US has accused China of "dumping" solar panels on the US market. Research this and other "dumping" accusations either by the US, or against the US, and other countries. Choose one case. Explain the case to your classmates, take a positio..
what impact would a change that shifts an economys production possibilities curve outward have on the long run
The average age of engineering students at graduation is a little over 23 years. This means that the working career of most engineers is almost exactly 500 months. How much would an engineer need to save each month to become a millionaire by the end ..
Assume that we have Ricardian equivalence. This implies that consumption depends on expected life- time incomes and that individuals understand the government's intertemporal budget restriction.
consider an economy that produces only two goods fresh apricots and dried apricots. in this economy the technology of
Presume that in the absence of trade, the U.S. price for bicycles was higher than the world price for bicycles. Would allow international trade, mean that the U.S. would import or export bicycles? Who in the U.S. would benefit and who would lose with..
The United States currently imports all of its coffee. The annual demand for coffee by U.S. consumers is given by the demand curve Q = 250 –l0P, where Q is quantity (in millions of pounds) and P is the market price per pound of coffee. World producer..
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