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When the price of a burger fall from $3 to $1 and other things remain the same,
1. The quantity of burgers demand increases from 200 to 400 an hour,
2. The quantity of fries demand increases from 224 to 375 packets an hour
The cross elasticity of demand for fries with respect to burgers is -0.5
Find an article from the media (internet, newspapers, magazines, etc.) on a current event that addresses an economic concept (e.g., consumption, saving, investment, real GDP, marginal propensity to consume, income multiplier, etc.). Write a one t..
what must the rate on municipal bonds be in order for the marginal investor to be indifferent between purchasing municipal bonds or CDs - what will be the maximum price people will pay for it?
Explain how have these policies affected the employment rates for your chosen industry? How have these policies affected the growth of the industry.
Consider three alternatives, each with a 10-year useful life. If the MARR is 10%, which alternative should be selected? Slove the problem by benefit-cost ration analysis.
The market for toasters is a competitive market. Suppose that the quantity of toasters supplied per year depends as follows on the price of a toaster:On a piece of graph paper, plot the supply curve for toasters. How does the quantity supplied of toa..
Assume the entire economy contains $5000 worth of one-dollar bills. If people fail to deposit any of the dollars, but instead hold all $5000 as currency, how large is the money supply?
"Nothing is more useful than water: but it will purchase scarce anything; scarce anything can be had in exchange for it. A diamond, on the contrary, has scarce any value in use; but a very great quantity of other goods may frequently be had in exc..
Southwest Physicians, a medical group practice, is just being formed. It will need 2 million dollar of total assets to generate $3 million in revenues.
In an effort to estimate the mean amount spent per customer for dinner at an Atlanta restaurant, data were collected for a sample of 42 customers. The data collected resulted in a sample mean of $29. Based upon past studies the population standard..
What is the current total investment? b) What is the current unintended investment? c) Is this an equilibrium outcome? d) What do the Keynesians say will happen to real GDP?
GDP is $14 trillion. government wishes to increase real gdp to 15 trillion. marginal propensity to consume (mpc) is 0.8, and every $1.00 increase in real government spending crowds out $0.50 in real planned investment expenditures
Illustrate what price per ride must the public transportation authority charge to eliminate the deficit if it cannot reduce costs.
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