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Suppose that unusually hot weather in summe causes the demand curve for ice cream to shift to the right. Why will the price of ice cream rise to new market-clearing level?
I put the deman can shift for certain goods when weather changes. Can we elaborate on this?
What must and entrepreneur do to earn a profit? (2) How do the actions of firms earning profits influence the value of resources? (3) What happens to the value of reseources when losses are present?
Assume that you are a medical doctor and that both you and David, your partner in a private medical practice, want to increase your firm's total revenue. You argue that in order to achieve this goal you should lower your consultation fees (price).
Why is representative money more useful than commodity money. representative money has value because the government says it does or else.
Assume an airline flying on the Charlotile - Chicago route has estimated the demand curves for three different types of customers: business
Why would you expect the inflation rate to accelerate if the actual unemployment rate declined to a level lower than.
If the price of processor chips used in manufacturing personal computers decrease, what will happen in the market for personal computers How will the equilibrium price and equilibrium quantity of personal computers change
The business section of most major newspapers contains a table showing U.S. exchange rates. Find such a table and use it to answer the following questions. a. Does this table show nominal or real exchange rates? Explain. b. What are the exchange rate..
Assume that a "leader country" has real GDP per capita of $40,000, whereas a "follower country" has real GDP per capita of $20,000. Next suppose that the growth of real GDP per capita falls to zero percent in the leader country and rises to 2 perc..
An American Company that sells consumer electronics products has manufacturing facilities in Mexico, Taiwan, and Canada. The average hourly wage, output, and annual overhead cost for each site are as follows: Mexico Taiwan Canada Hourly wage rate ..
Assume banks install ATM on every block and, through making cash readily available, decrease the value of money people want to hold.
The market for a product is expected to increase at an annual rate of 8%. First year sales are estimated at $60,000, the horizon is 15 years, and the interest rate is 10%. What is the present value?
A monopolist faces the following demand curve: P=120-0.02Q-What is the level of production, price and total profits per week?
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