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Assume a change in price causes the price elasticity of demand for a good (in absolute value) and marginal revenue to decrease. In this case we can conclude that the price of the good was:
A. Decreased
B. Increased
C. Held constant
1) If it costs more energy to recycle than to dispose, shouldpeople be incourage to recycle 2) Oregon Forrest Restoration Act requires a logging companythat cuts a tree, must plant 3 to replace it. Why do you think mosteconomist saythis law is not..
now assume that the u.s. is a large country in this market with the same supply and demand equations given in part ii
Also suppose that the actual professional staff hours charged to clients' accounts and the actual overhead costs turn out to be exactly as estimated in both years. By how much would the overhead be underapplied or overapplied in 2008 and in 2009? (Le..
the receipts and year of release of the five movies with the largest nominal box office revenues along with the cpi
green engineering has proven to be an obstacle to many industries. the reason is their misunderstanding of the
Perfect Competition is a model of which examples are few and far between. Yet economists love to discuss this model. Explain why.
What is the slope of the budget line and does this change depending on which combination of goods is purchased?
1. college education provides higher income for the individual but also a more productive and more educated person who
At times, people will suggest that the Fed should try and achieve an inflation rate of zero percent. If we assume that velocity is constant, does this goal of zero inflation require that the rate of money growth equal zero.
sometimes market activities production buying and selling have unintended positive or negative effects outside the
when measuring the gdp for a particular year why do economists include only final goods? why dont they include the
the marginal cost of educating a college student is 5000.00 a year. the table below shows the marginal private benefit
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