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The Bureau of Labor Statistics reported the consumer price index as 90 in December 2009 and 100 in December 2012.
By what percentage did the index increase from the end of 2009 to the end of 2012?
It can be said that all marketing and marketing strategies begin with marketing research. There is a strong, positive correlation between the quality of a firm's marketing research and the success of the firm's marketing strategies.
Joe and Mary can each produce salads and smoothies. He can make 6 smoothies per hour or 30 salads per hour. She can make 30 smoothies per hour or 30 salads per hour. Make a graph with salads per hour on the vertical axis and smoothies per hour on the..
One reason firms in monopolistic competition can charge different prices is that their products are identical 2 similar 3 differentiated 4 guaranteed. The Clayton Act prohibits price discrimination. In monopolistic competition, there is no need for..
React to the topic by summarizing a significant chapter and/or readings and an application of that chapter material to the subject. David Ricardo was worried that the corn laws (high taxes on imported grain) would seriously hamper the advancement of ..
Where does market power arise from? (1) the entry of new firms to an industy in which the firms are earning large producer surplus (2)barriers to entry (3) diseconomies of scale (4) diminishing marginal returns
Using the principles of covered interest parity, Explicates how a local industry can utilize a LC loan to synthetically create a 1-yr USD loan.
An individual utility function is given by U(c,h) = c.h, where c represents consumption during a typical day and h hours of leisure enjoyed during that day. The real hourly market wage rate the individual can earn is w = $20. This individual receives..
Thinking back on what you have learned in this course, identify the single most important economic principle learned and explain why it was more significant than any other principle or concept.
What is the probability that more than 200 cars will require service work in a particular month? What is the probability that fewer than 175 cars will need service work in a given month?
A venture capitalist named Kevin is considering a pitch from an entrepreneur who has invented a smart toaster, which is a wifi-enabled cooking appliance that alerts users via text-message when their toast is ready. The entrepreneur has submitted an a..
The U.S. domestic price of natural gas is below the world price because exports of natural gas are currently not permitted. Assume that natural gas production is a perfectly competitive increasing cost industry. Depict the current situation using the..
q.consider once again the microchip market. demand for microprocessors is given by p 35 - 5q. where q is the quantity
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