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Many cities have experienced a substantial decrease in the amount of garbage being collected after they changed from levying a tax on each household to pay for the pickup to charging a fee for each bag or can picked up. Would this have been the result of a change in Demand? If so, why; if not, why not? If not, what was the probable reason?
The average 15-year old purchases 12 CDs and 15 cheese pizzas in the typical year. If cheese pizzas are inferior goods, would the average 15-year old be indifferent between receiving the $30 gift certificate at local music store and $30 in cash?
At a management luncheon, two managers were overeat arguing about the following statement "A manager must never hire another worker if new person diminishing returns". Is this statement correct? If so, why? If not, discuss why not?
Outline a plan that will assess the effectiveness of the market structure for the company's operations
Consider the firms short run decision to hire workers. Suppose that a firm produces goods for sale in the perfectly competitive market. labor markets are competitive as well.
Write down the difference between Equilibrium price and Equilibrium quantity. What role does elasticity place?
the purpose of the discussion board is to allow students to learn through sharing ideas and experiences as they relate
a. Anticipated changes in aggregate demand effect only the price level; they have no effect on real output. b. downward wage inflexability means that declines in aggregate demand can cause long lasting recession. c. Changes in money supply M increas..
xyz common currently sells for 3share. you believe that one-month hence the stock could be worth 8 or could be
Suppose P (domestic price) and P* (foreign price) are both increasing. Now suppose that the dollar experiences a 5% nominal depreciation. a. Which country is experiencing the higher rate of inflation if the domestic currency experiences
is the savings interest rate of internet- only banks higher or lower than the rate of banks in which your depositsor
choose and research a specific business that is publicly traded where there has been a pattern of change in a
a the short run total cost function of a perfectly competitive firm is given as follows assume that the market price of
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