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Sally sharpens lawn equipment blades in her spare time for extra income. Buyers of her service are willing to pay $2.50 per blade for as many blades as Sally is willing to sharpen. On a particular day, she is willing to sharpen the first blade for $1.75, the second blade for $2.25, the third blade for $2.75, and the fourth blade for $3.25. Assume Sally is rational in deciding how many blades to sharpen. Her producer surplus is.
Steven consumes only two goods, both of which are normal goods. He is maximizing his utility in consumption of both goods. Now assume the price of one of the goods increases. How should Steven's consumption change?
Assume that the government places a 50 percent tax on widgets. Neither the demand for widgets or supply of widgets is perfectly elastic or inelastic. Draw a graph showing how the tax will affect the market.
Analyze the dynamics of supply and demand to anticipate market equilibrium. Analyze the elasticity of demand and supply and its importance, and the effect of taxes or other public policies. Describe the impact of various forms of competition on busin..
Assume that the consumption schedule for a private open economy is such that consumption C = 20 + 0.75Y. Assume further that planned investment (Ig) and net exports (Xn) are independent of the level of real GDP and constant at Ig = 40, G =20 and Xn =..
Question: Risk attitude is an enterprise environmental factor that you should evaluate when performing the Plan Risk Management process. Risk attitude consists of all of the following elementsexceptfor which one?
A university's students have demand for credit hours given by q=30 - 0.04p, where p is the price per credit hour. If the university charges only one price for credit hours irrespective of the number of credit hours a student enrolls for, identify the..
Also, assume that the “target market” has 1 Household and 1 Graphic Designer (a simple way of representing equal proportions of each type of customer). The marginal cost of production is $0. If Adobe sells only to Graphic Designers, what is the optim..
The Nelson Company has $1,875,000 in current assets and $625,000 in current liabilities. Its initial inventory level is $375,000, and it will raise funds as additional notes payable and use them to increase inventory. How much can Nelson's short-term..
If the US Dollar is equal to 10 Mexicxan Pesos. Then we can say that the US Economy is doing better than Mexico's economy and the US Dollar can buy more than the Peso.
Draw a graph of the supply of and demand for the Canadian dollar (C$) by the U.S. market. Diagram the effect of each of the following on the exchange rate; state whether the effect is long, medium, or short run.
If make an initial investment of $5000 at 6% per month compounded monthly. How much would it be worth in 3 years?. Draw a cash flow diagram of what this would look like.
Summery and discuss some issue related to Great recession - This is labor economics. Essay should related to labor economic.
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