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Q1. Assume demand take the form Q = 36P-1.
a. Show that the price elasticity of demand is constant and equal to -1.
b. Write the total and marginal revenue functions
Q2. Given a scenario where government expenditures increase by $400, and taxes were decreased by $400, yet both caused the GDP to rise by more than $400. This may have occurred explain why?
Suppose the two doctors play a one-shot game-which is, they interact only once also never Once more.
The rate cut was made because European nations were growing very slowly or were in recession. What effect did the bank hope the action would have on the economy.
An entrepreneur took a one-month leave of absence. Elucidate how many units did she have to sell To facilitate turn a profit
Show whether or not the above production function exhibits diminishing marginal productivity of labor. Determine the nature of the Return to Scale as exhibited by the above production function.
How many units of good X will be purchased when Px=4910, determine the inverse demand function for good x.
They could each decide to work a few extra hours on Saturday and earn more income. But they choose to play tennis or to relax around the house.
Illustrate what is the effect on the marketplace for an hour of babysitting services in Middling today, during this increased birthrate.
The legislature has stated that the $.03 tax will increase goverment revenue by $300,000 per month and raise the price of gasoline by $.03 per gallon. is this correct.
How do managed floating exchange rates operate Why were they adopted by the industrialized nations in 1973 Has the abandonment of the Bretton Woods system of adjustable pegged exchange rates been beneficial or detrimental to global financial stabi..
Assume which two people, Michelle also James every live alone in an isolated region. They every have the same resources available also they grow potatoes also raise chickens.
Electoral College system take a country named know land that has. Suppose there are 9 small states in know land where each have 1 million people in.
llustrate what are the quantities produced before and after the tax was imposed.
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