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Consumers regard Dell computers and Gateway computers as substitutes. If the price of a Dell computer decreases
a. the demand for Dell computers will increase
b. the demand for gateway computers will increase
c. the demand for gateway computers will decrease
d. the supply of dell computers will increase
The market price of pizza in College Town decreased recently. Some students in an economics class suggest that the price fell because several new pizza parlors opened for business in the area. If the equilibrium quantity of pizza increased, then the ..
Illustrate what was the impact on the supply and demand of labor on one sector of the labor market. Explain the factors that affected labor demand and labor supply in the chosen historical example.
Explain how much would the combined production of pineapples increase for the two islands due to trade. How much would the combined production of pearls increase.
Kalamazoo Competition-Free Concrete (KCC) is a local monopolist of ready-mix concrete. Its annual demand function is Qd= 24000-400P where P is the price, in dollars, of a cubic yard of concrete and Q is the number of cubic yards sold per year. Suppos..
In the town of Inksville, Tats for Tots (i.e., TFT) is the only tattoo parlor dedicated to the under-18 age group. Being a monopolist, TFT hires you to advise it on the best price and quantity of tattoos to sell each month. Determine the values of P ..
How weight represents the amount of raw materials. Data containing the weight in pounds from a sample of 368 pallets of Bridgetown shingles and 330 pallets of Holetown shingles are contained in Pallet data which can be downloaded from the class web..
Explain how does the price elasticity of demand for corn oil influence the quantity-demanded of corn oil and the Total Revenue earned by sellers of corn oil.
Assume that the demand for short-order cooks at diners in a small town is ED=400 – 16 w , where E is the number of short-order cooks and w is the hourly wage rate. The market clearing wage is $8, but the town's City Council imposes a "living wage" of..
William owns just one ship. Ship is worth 200 million dollars. The probability the sink will ship is .02. His total wealth including the value of the ship is 225 million. U(W) is equal to the squre root of W. What is the maximum amount that william w..
If interest rates remain unchanged, what is the expected capital gains yield, stated as a percentage, over the next year for Bond A and for Bond B.
Answer the Question on the basis of the following Census data. Which of the above distributions is closest to describing the United States? A, B, C, or D.
In the market for foreign-currency exchange in the open-economy macroeconomic model, which of the following does the amount of net capital outflow represent?
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