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Refer again to the graph above, showing the market for hardcover dictionaries. What are the two types of change in this market that would lead the equilibrium price to rise?
If your nominal income rose by 5.3 percent and the price level rose by 3.8 percent in some year, by what percentage would your real income (approximately) increase If your nominal income rose by 2.8 percent and your real income rose by 1.1 percent..
What effect does an increase in f have on savings? Does welfare increase or decrease in φ? Should we have the social security program when consumers have this from of myopia?
the nation of ectenia has 20 competitive apple orchards which sell apples at the world price of 2. the following
Analyze several of the possible choices for CPU, memory, storage, and input/output peripherals, and then make a recommendation for a specific file server solution. Justify the choices that you recommend.
Consider the regression model Y = B0 + b1xi + ui, Suppose you know that B0=0. Derive a formula for the least-squares estimator of B1
How does this forecast differ from that which would result from a perfect-foresight model?
Joseph starts to make quarterly deposits of $1,500 (at the end of a quarter) into an investment account at the age of 45. If he wants to have $250,000 when he retires at the age of 65, what must be the nominal and the effective interest rates per ..
What was the total percentage change in real GNP per capita in Kenya from 1967 to 1987?
In 1994, the marginal cost of producing the Power Mac was about $1500 per unit, and a rough estimate of the monthly demand curve was: P= 4500-.15Q. At the time, what was Apple's optimal output and pricing policy
Merry Inc wants to replace a 9-year -old machine with a new machine that is more efficient. The old machine cost $70,000 when new and has a current book value of $15,000. Merry can sell the machine to a foreign buyer.
What is the optimal number of TV ads and magazine ads What will be the minimum possible level of total expenditures on television and magazine ads necessary to successfully promote the GTS in Chicago
In December, the price of Christmas trees rises and the quantity of trees sold rises. Is this a violation of the law of demand? Explain your answer.
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