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Q1. Illustrate what is the elasticity of demand if you raise the price of your airline's tickets by 6% also the number of tickets sold decreases by 13%?
Q2. Analyze the rise also decline of Classical Economics from Adam Smith through works of Ricardo also J.S. Mill. In the period of the decline of the Ricardian model, analyze the various reactions to Ricardian economics, including Mill's attempt to revitalize Classical Economics.
Elucidate why the return to deficit spending since the turn of the century.
the government limits the amount of land that can be devoted to tobacco production. Are these two programs at odds with the goal of reducing cigarette consumption
Weigh the risk also benefits of outsourcing internationally by corporate America for the standard working person.
There is a potential entrant, who needs to pay a sunk cost of f to enter in this market. Firms may produce any quantity that does not exceed its capacity.
Suppose that your production facility can only produce 1,000,000 pills per year. Illustrate what is your optimal price and quantity given the production constraint.
Calculate the price elasticities of demand in each market and discuss these in relation to the prices to be charged in each market.
Calculate the inventory value of the units unsold in the has well as of the consignee.
The yearly demand for coffee by U.S. consumers is given by the demand curve QD=250-10P, where Q is quantity.
q. an economy has the following consumption functionc200 0.8 dithe government budget is balanced with government
explain how many car companies will buy a new car assembly machine. Interest payments are made once a year.
Producing a product and/or service has to involve a lot of strategic planning for the producer. It is not logical for a producer to just pick how much they want to produce without analyzing several key figures.
Show the short and long run effects of a monetary expansion in this situation in the AD/AS model. You can omit the labor market and production function graphs and you may assume sticky prices for SRAS.
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