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Your friend Gail is an electrician who does repair and installation work for small businesses and homeowners. She often has customers ask her if she will accept a credit card in payment for her services, but she has been reluctant to set up a credit card payment processing system in her truck. Using your favorite search engine or the resources of your library, identify at least two companies that offer devices that could be attached to Gail’s smartphone to allow her to accept credit card payments. Examine the product offerings of the two companies you identify and summarize the costs and benefits in a report of about 100 words that can help Gail decide if this payment processing option would make sense for her business.
Calculate the price elasticity of demand using the point formula for Px = 20 and Py = 10. Determine whether demand is elastic, inelastic, or unit elastic with respect to its own price and whether Good Y is a substitute or a complement with respect..
Which of the following deals with asymmetry of information?
Explain how you were to learn that a bottle of Gatorade rise in size from 2009 to 2010, should that information affect your calculation of the inflation rate.
Assume an open, mixed economy (C+I+G+X=real GDP) and an MPS of .2 What is the multiplier? if the government spending (G) increases by $50B, how much will the real GDP increase? If taxes also increase by $50B, consumption (C) will fall by how much?
Assume to a program is implemented that guarantees college tuition assistance to students maintaining a minimum GPA standard.
Prices the selling monopoly charges for TV sets in periods 1 and 2.
As a general rule, is it safe to assume that a lower interest rate will encourage significantly lower financial savings for all individuals? Explain.
Briefly explain whether you agree with the following statement: I recently read that more than half of the money issued by the government is actually held by people in foreign countries. If this is true, the United States is less than half wealthy as..
Equilibrium quantity must increase when demand
Calculate the marginal product of inputs x1, and x2. What is the ratio fo x1 to x2 required to produce the output in the cheapest way possible?
Assume a perfectly competitive firm is producing a level of output at which MR
What is the law of comparative advantage? How do you use it to support free trade in the world? What international institutions were created and how have they worked to liberalize international trade?
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