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Presume the own price elasticity of market demand for retail gasoline is -0.9, the Rothschild index is 0.7 and a typical gasoline retailer enjoys sales of $1,450,000 yearly. What is the price elasticity of demand for a representative gasoline retailer's product?
1. use the numbers to answer the following questionsincomespending0120004000036000a what is autonomous spending?b what
suppose that the required ratio is 20 percent. a banks customer deposits into her account 100000 dollars in funds from
The velocity of M1 money has moved erratically in the past several years because Answer of low and stable rates of inflation of regulatory changes allowing banks to pay interest on checkable deposits interest rates have been stable monetary policy..
Discuss the Henry George idea for a single tax on real estate and why did the California State Lottery extend the payoff period from 20 years to 26 years?
During the 70's and 80's the goverment of many countries in Europe and North America banned the advertisement of cigarettes on televisions. Suprisingly, this attracted little protest from the cigarette manufacturer's.
vaughan ltd makes 2 different types of shoe brogue and casual each using the same leather and the same skilled labour.
Compute CS ,PS and the deadweight lossD)if firm 1 and 2 leaders and 3 follower (Stackelberg),What are the quantity choices for all three firms?
public policies often alter the costs and benefits of private actions. why is it important for policymakers to consider
because of americas large budget deficits the government is borrowing much from foreign countries. there are experts
a pure monopolist determines that at the current level of output the marginal cost of production is 2 average variable
Cypress River Landscape Supply is a large wholesale supplier of landscaping materials in Georgia. Cypress River's sales vary seasonally; sales tend to be higher in the spring months than in other months.
Suppose that a labor economist claims that recipients of economics PhDs gain little in terms of acquired productive skills from their graduate studies, but instead, the degree simply reflects a high level of inherent mathematical ability. Which on..
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