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Plywood is used in the construction of houses. If the price of plywood rises, what happens to the supply of houses?
a. The supply increases so that the supply curve shifts rightward.
b. The supply decreases so that the supply curve shifts leftward.
c. The quantity supplied decreases but there is no shift in the supply curve.
d. The quantity supplied decreases and the supply curve shifts leftward.
To encourage inner-city youths to spend more time playing sports, the government introduces a super income tax of 10% on professional basketball players and plans to use the revenue to improve inner-city sports facilities. In an attempt to raise more..
Recently, Starbucks acquired Teavana for $620 million for the company which represented at 50% premium from Teavana’s then valuation. Discuss the recent acquisition, the probable growth of the tea industry and Starbucks’ decision form a capital budge..
Apply the decision-making model developed. What are the basic steps in all types of decision making processes.
Explain how a bank's ability to create transaction deposit accounts through loans creates money. Corben Inc. has a successful brand with the name Crunz. The market size in which Crunz competes is $4 billion, and Crunz has generated sales of $400 mill..
measured in thousands of units and price (P) is measured in dollars per unit. The equilibrium quantity in this market it.
demand p30-2qsupply p4qequilibrium priceequilibrium quantityown price elasticity of demand equlilbriumconsumer
Adding four or more flights to existing routes, it will have to add two pilots also flight attendants.
If Rob and Nate are the only people who purchase discs, graph the aggregate demand for discs and write down the equation for this aggregate demand function.
Find two articles about a microeconomics problem currently in the news from either a newspaper or news (including business) magazine. Write a short analytical paper that compares/contrasts the problems or issues.
Suppose you are given the following Total Product Function: Q=100 K^3/2 L^4/2 M^4/7 ,where Q is total output or units produces; K, capital; L, labor; and M, materials.; that is, this is a input factor production function. Suppose K = 1,000; L = 200 w..
Calculate the equilibrium level of income or real GDP for this economy. b. What happens to equilibrium Y if I changes to 10? What does this outcome reveal about the size of the multiplier?
q.as an analyst at the treasury department you have been asked to predict the behavior of key macroeconomic variables
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