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What is the difference between change in quantity demanded and change in demand? Provide examples.
ANS: change in quantity demanded is when price changes.
The consumer of a bottle is willing to pay $18 for 3000 bottles but for every $8 decrease they are willing to buy 9000 more bottles. the suppliers will not supply any bottles at a price of $6 per bottle, but are willing to sell 3000 bottles for a uni..
Assume you have been hired as a managing consultant by a company to offer some advice that will help it make a decision as to whether it should shut down completely or continue its operations. It currently uses 100 workers to produce 6,000 units o..
Amazon has entered international markets with sites in a number of other countries. The company believes that an aggressive international strategy is essential to its continued growth. Has Barnes & Noble take the same approach? What are some noticeab..
"The current chairperson of the FED is Janet Yelling and she oversees an entity that is strongly influenced by politics and politicians." Do you agree? Why or why not? Be specific and limit your response to one paragraph..
Assume you have $10 to spend on either apples or chocolate. The price of a pound of apples is $3/pound and the price of chocolate is $5/pound. Graph the consumption possibilities curve. What is the opportunity cost of the 1st pound of chocolate? What..
Illustrate what is the equilibrium number of video arcades. Show how you arrived at your answer.
For this SLP take a look at how your organization manages its inventory and then answer the following questions.
Explain why Kant was a "deontological ethicist" and his problems with the difficulty of teleological or consequential ethics, explaining in depth and in detail: Kant's Categorical Imperative giving focus to Kant's intention with the term "Categorical..
Illustrate what factors seem to be most important in determining development also why
Dylan Co. sells hammers to US retailers. The annual demand for its hammers is d(p)=25,000 × (30 −p) and its annual cost of production is TC(q)= 400,000 + 20q.Its factory has a capacity of 150,000 units. What is the profit maximizing price for Dylan C..
What makes a social science explanation different from methodological individualism? How would social scientists explain why American men wear short hair, while women wear their hair long? How would a methodological individualist explain this?
Explain and illustrate graphically the effect of the following on the monetary base and the level of reserves. The Fed lends the Bank of America additional $20 million but depositors withdraw $5million. Central bank purchases $30 million of governmen..
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