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Q1. "Canadian gas companies shipped 21.4 billion cubic meters to the US last year, up from 20.1 billion in 1983, according to figures released Tuesday by the Canadian Gas Association. But lower prices permitted under new federal regulations instituted last year, reduced the over-all take from $3.94 billion to $3.92 billion." Calculate the price elasticity of demand for natural gas sold to the US.
Q2. Some scholars discern a trend in modern products-liability law toward "absolute" liability or what is sometimes called "enterprise" liability. Under that theory, manufacturers would be held liable for almost every injury resulting from the use of their products. Give an economics analysis of that liability standard for product-related harms.
Illustrate what are the factors that affect the supply and demand of the good or service. Who benefits more from a transaction of the good or service, the buyer or the seller. Generally speaking, why do people enter into trade.
A tsunami in Japan disrupts the production of Japanese-made cars. What is the impact on the market for new cars.
explain how much the annual U.S. GDP and GNP in 2010 changed due to her job relocation.
Assume bad wear in Florida ruins much of orange crop. Illustrate what happens to consumer surplus into market for oranges.
What amount of equity method income would Russell recognize in 2013 from its ownership interest in Thacker.
Now suppose that the interest rate falls to 50 percent, and the household decide not to borrow or lend at all. Is the household better off or worse off with the higher interest rate?
Subsequently the customer paid the balance on 22 October 2012. To customer the Credit terms offered.
A firm has two factories, one twice as large as the second. As the number of workers at each factory increases. Illustrate which factory will experience diminishing returns first.
Explain what the GDP cost index is and what is its role in differentiating nominal GDP and real GDP.
He explains that the firm that has come up with the idea decided to start the coffee push cart in either Cleveland, Ohio, or Houston.
Economies of scale can be quickly exhausted not everyone wants to ‘shop' from same ‘store' size can also mean diseconomies of scale if focus Is lost and conflict of interest what matters to shareholders is profitability not Challenges (contd.) Do..
If you were the angel investor, what is your certainty equivalent for these two projects? Are you risk averse, risk-neutral, or risk-lover.
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