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Cars are lasting longer. The expected number of miles travelled over a vehicle's life has risen to 180,000 miles in 2001 from 128,000 in 1977. But, new car buyers tend to keep their cars about the same length of time before trading them in. Using demand and supply analysis show how this change, ceteris paribus, impacts the market for used cars and the market for new cars. (Hint: only one curve shifts in each market).
figure describes the costs and benefits resulting from different sizes of a ski resort that is being planned in a
Firm XYZ measured its MP of labor curve to be the following: MP = 4000 - 2L where L is the number of hours of labor hired per day. XYZ produces gadgets that are sold for $20 each and is able to hire workers for $10 per hour. How many hours of labo..
Explain Googles AdWords auction in terms of complete price discrimination. discuss weather google meets the conditions for such discrimination
Set up the consumer's utility maximization problem for prices pi, p2 and income m and how can this person be better off than by consuming the bundle
First, discuss the decision by doctors to enter seperate markets for various specialities rather than starting a family practice. Second, discuss the monoploy that the American Medical Association holds on the production of doctors in the US and i..
The clerk answered, "I can't do that." When the customer started to leave the store, the clerk hastily offered, "However, I am authorized to give you a 40 percent discount on any pair in the store.
suppose you are employed at a large global high-tech company that has offices worldwide in such places as tokyo london
company a is a producer of widgets in a monopolistically competitive market structure. it is projected that as more
How can the procyclical movement of interest rates(rising during expansions and falling during contractions) lead toa procyclical movement in the money supply as a result of Feddiscounting Why might this movement of the money supply beundesirable
assume that government debt in period -1 is zero b-1 0. assume that the country runs a positive primary deficits def
compare and contrast the two basic approaches to dealing with pollution caused by economic activity the polluter pays
a plot crowding out for the following situations on a graph and explain why you get the resultsi perfectly inelastic id
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