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The cost for operating a commercial truck is knv (1/2) where k is a constant of proportionality, v is velocity in miles per hour, and n is the trip length in miles. It is estimated that at 89 mph, the average cost of operation of $5.3 per mile.
Suppose you have the following demand function for the good x: x* = 80(py/px) - 0.5I. Are goods x and y complements or substitutes? How do you know?. Does good x demand satisfy the first law of demand? Why or why not?
Suppose that a natural monopolist was required by law to charge average total cost. On a diagram, label the price charged and the deadweight loss to society relative to marginal cost pricing. Briefly explain your diagram and comment on the results..
Explain why the Kondratiev cycle may no longer apply to the study of the US economy and its business cycles?
Greetings Corporation stores, as well as the Wall Décor division, have enjoyed healthy profitability during the past 2-years. Although profit margin on prints is often thin, volume of print sales has been substantial enough to generate 15 percent of ..
comparative advantage can explain why people pursue different occupations. it can also explain why countries produce
A construction company purchased a loader new 4 years ago for $645,344. They put 10% down at the time of purchase and financed the rest at a 6% APR. They made monthly payments on the balance of the loan for 4 years.
Explain a political, economic, or social interaction of decision makers that you have heard about in words. The condition should involve decision makers, available actions
cameron is an investor trying to decide among the following three different investment options.option anbsp price today
What factors, specifically, affected the demand for lemonade - What pricing strategies did you use
Suppose that consumption when young and consumption when old are both normal goods. The income effect of an increase in the interest rate will result in:
Proponents of zero inflation argue that even mild inflation (1 to 3 percent) reduces the economy's real output. Do you agree or disagree with this assessment? Why?
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