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Motors has determined that the price elasticity of demand for two customer segments (A Luxury Car and a Premium Car) is -1.35 and -1.55. Based on their expectations of profitability, Kashian realizes the price of a Luxury Car should be $51,500. How much should Kashian charge for its Premium Car?
q1. if the aggregate-demand curve is given by the equation p400-2xy and long run aggregate supply100 the long run
find out generalized least squares estimates of the relevant function(s). Illustrate what is the profit-maximizing level of output suggested by the results in part (f).
In what sense does the Fed "create money"? Suppose that the minimum required reserve ratio for banks was 1/11. Also suppose that banks held no excess reserves and that currency in circulation was unchanged. What action in the Treasury bill market wou..
Many people are concerned about changes in the distribution of income.
If the rate of money growth and the growth rate of the real GDP were the same in both countries, the explain how would the rate of inflation differ among them.
Compared to their levels in 2003, the poverty line has ________ and the minimum hourly wage has ________.
Discuss how financial friction increased sharply during the financial crises of the 1930s and 2007-2009 and how it intensified the crises.
Assume that muffins are incredibly addictive, so consumers have perfectly inelastic demand for them, up to a certain saturation point.
Economies of scale may arise from all but one of the following. Which one is it?
You are the worksite wellness manager of a health care organization in tight economic times. You realize the organization must make budget cuts. The worksite wellness program seems to be a money pit, and the CFO is encouraging the organizational lead..
The Lorenz curve is criticized for all of the following EXCEPT
q1. the total operating revenue of a public transportation authority is 100 million while its total operating cost is
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