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state whether each of the following events will result in a movement along the demand curve for McDonald's big Mac hamburgers or whether it will cause the curve to shift. If the demand curve shifts, indicate whether it will shift to the left or the right and draw a graph to illustrate the shift.
A.the price of burger king's whopper hamburger declines.
B. McDonald's distributes coupons for $1.00 off the purchase of a big mac.
C. Because of a shortage of potatoes, the price of french fries increases.
D. Fast food restaurants post nutrition warning labels.
E. the U.S economy enters a period of rapid growth in incomes.
What is the marginal product of the second employee. What is the marginal revenue product of the fourth worker.
If labor productivity grew at the rate of 1.4% per year Illustrate what would average hourly compensation be in the year.
State two economic principles of taxation and which principle best justifies the excise tax on gasoline, when the tax revenue is used to maintain or improve the roads.
The short run price elasticity of demand for tires is 0.9. If an increase in the price of petroleum used in producing tires causes the marketplace.
illustrate what happen to public saving, national saving and private saving.
Tthe price of elasticity of supply is of apartment is 0.50 use the demand and supply curve to show the initial equilibrium point a.
Which organization has a bigger markup. Explicate. Which organization has the bigger incentive for careful quality control
Suppose that the economy is currently at potential output. Also suppose that you are an economic policy maker and that a college economics student asks you to rank.
Compute the upper also lower limits within which marginal cost may vary without affecting the profit maximizing output or the price.
Gordon also works 5 hours a week for the economics department to maintain that departments web page. Illustrate the economics department pays gordon $20 per hour.
Does a tug of war between AVC and AFC eventually take place?
If the firm's price elasticity of demand is equal to -2 (or 2 in absolute terms) illustrate what price should the firm charge in order to maximize profits
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