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Q1. Illustrate what is the marginal revenue from selling another book for the author? Explain how does it compare to the marginal revenue of selling another book for the publisher? Briefly explain.
Q2. Dave has $300 to spend each month on DVDs and CDs. DVDs and CDs both currently have a cost of $10, and Dave is maximizing his utility by buying 20 DVDs and 10 CDs. Assume Dave still has $300 to spend, but the cost of DVDs rises to $12, while the cost of CDs drops to $6. Is Dave better or worse off than he was before the cost change? Use a budget constraint-indifference curve graph to illustrate your answer.
Describe the factors that influence the reliability of time-series forecasts. Under what circumstances would a time-series model offer a fairly reliable forecast?
Who benefits from a tariff or quota? Who loses? Why would domestic markets benefit from protectionist trade policies? How do protectionist trade policies affect a government’s wealth and fiscal policy?
This marginal cost is the only cost associated with the product. Illustrate what are the profit-maximizing price also quantity. Illustrate what are your optimal price also quantity.
Define the wage gender gap as the difference in mean earnings between men also women.
How many units of good X will be purchased when Px=4910, determine the inverse demand function for good x.
q. assume that a household in a two-period model has income of 30000 in period 1 and 25000 in period 2 and the interest
Why might investment not respond positively to low interest rates during a recession? Why might investment not respond negatively to high interest rates during a boom?
The Law of Demand states that the demand for a product is inversely related to the cost of such product.
q.the subject is comparative advantage. will need four theoretical articles on this subject that can be posted for
Suppose a society decided to reduce consumption and increase investment. How exactly would this change affect long term economic growth?
If summer's supposition is correct, then we should expect for wealthier countries to have cleaner environments other things equal.
Elucidate Illustrate what President Roosevelt might have been trying to achieve, using the model of aggregate demand also aggregate supply
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