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A. Why do governments raise taxes on cigarettes and alcohol to raise government revenues?
B- What changes do you make to your demand for gasoline when the prices start to climb up?
C- Would you want to own a business that sells price-elastic products or price-inelastic products? Why?
D. Let us say the price of widgets is $1.00. At this price, consumers demand 10 widgets. Now the widget seller increases the price to $1.50. At this new higher price, quantity demanded falls to 9 widgets. Are widgets elastic or inelastic? Please show your work.
Why might a money lender who relies on threat of cutting off future credit to enforce repayment of current loans be less willing to make a loan to an individual that plans to invest money productively.
How will each of the following affect the supply for insurance?
Know that the far increase on cable car rides was 67%. Price is $5 one way. Prices were raised to help ease a $57 million deficit.
Mr. Smith has saved $1800 each year for 20 years. A year after the saving period ended, Mr. Smith withdrew $7500 each year for a period of 5 years. In the sixth and seventh years, he only withdrew $5000 per year. In the eighth year, he decided to wit..
A hearing is scheduled for your company to present arguments that your firm has not increased its market power through this merger. Can you do this? How? What evidence might you bring to the hearing?
A persone has a choice between an apple or an orange. the persone chooses the apple. Elucidate what is the opportunity cost of choosing the apple.
Find the equilibrium price and quantity after the shift of the demand curve.
Illustrate what inconsistent other than price appear ro have the biggest impact on the demand for McDonald's products.
The banks hold no excess reserves, Illustrate what will happen to the total money supply. How did you reach your answer.
The firm must pay a fi xed cost of $80 if it produces any positive amount, but does not have to pay this cost if it produces no output. Illustrate what is the smallest integer price that would make a firm willing to produce a positive amount.
Illustrate what is the effect of Westland's expansionary monetary policy on Eastland's nominal exchange rate in the short run also in the long run.
she estimates that she can produce and sell an extra 1,400 hamburgers per day by keeping the restaurant open for three more hours per day at a cost of $50 per hour. Which of these two alternative ways of increasing output should sh..
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