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1. Solve the following system of equations by graphing. If the system is inconsistent or the equations aredependent, say so. 9x-4y=5 27x-12y=15
2. Solve the following system of equations by graphing. x+2y=6 2x+4y=36
3. Solve the following system of equations by graphing. 3x-2y=0 -3x-y=-18
4. x-3y=-3 x=3y=9
Businesses spend $1,000 in new investment spending. And, foreigners spend $500 on exports. In order to avoid any problems of inflation or unemployment, the government should have a budget deficit or surplus of:
NJ taxes wine sales. While the retailers pay the taxes on wine sales, they may passon some or all of these taxes to consumers by raising prices. Identify the specific tax (tax per bottle sold) for which NJ's equilibirum market price and quantity e..
A well-known conglomerate that manufactures a multitude of noncompeting consumer products instituted a corporate-wide initiative to encourage the managers of its many divisions to share consumer demographic information.
many proponents of public transit argue that the service should be provided free to the public in metropolitan areas in
a) What is firm A Marginal cost curve? b) Firm A charges same as firm B = $30,000. What is the Marginal Revenue function of firm A. c) Given b, what is output produced and total profit from firm A (assume they are maximizing profit)
"Nothing is more useful than water: but it will purchase scarce anything; scarce anything can be had in exchange for it. A diamond, on the contrary, has scarce any value in use; but a very great quantity of other goods may frequently be had in exc..
Explain how each of the following would cause the yield curve to shift if between now and next year:
Elucidate why the price elasticity of demand differ along a demand curve, even if the demand curve is linear.
The information below explains the real GDP per capita for the country of Utopia for the period of 1975 to 1991.
Suppose the government institutes a new sales tax on shoes, which are produced by a competitive constant-cost industry. a. Does the price of shoes change by more in the short run or in the long run b. Does the industry-wide quantity change by more in..
Price comparison services on the Internet (as well as "shopbots") are a popular way for retailers to advertise their products and a convenient way for consumers to simultaneously obtain price quotes from several firms selling an identical product...
Summarize an article using at least three economic terms and theories covered in class. Identify the impact of the policy on Demand or Supply of the good(s) or service(s). Discuss the change(s). Draw a supply and demand graph to explain this chan..
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