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The term consumer price index (CPI) in economics refers to:
It is significant because:
The measure of CPI in the U.S. right now is:
How has the measure of CPI in the U.S. changed over the last decade?
Most members of labor unions work in the public sector, industries that are regulated, or industries in which production is concentrated into a few firms.
Show and discuss the economics of land reform policy to redistribute agricultural lands across two equal groups of farmers. Assume the two groups have the same human capital in terms of farming (same Marginal Product curves) and that the amount of ag..
No additional working capital is needed and no working capital will be returned. If your tax rate is 35% and you require a 14% return on your investment, what bid price should you submit?
Fox company has defined a new manufacturing process and is considering options for purchasing material handling equipment from two companies: company X has given a quote od $100,000 for equipment that will last 5 years and will have a $25,000 salvage..
The price elasticity for rice is estimated to be -0.4 and the income elasticity is 0.8 . At the price of $0.40 per pound and a per capita income of $20,000, the demand for rice is 50 million tons per year. a. is rice an inferior good, a necessity, or..
Explain what would happen to the price and sales in the movie theater ticket prices if the following occur: (1) a decrease in the price of DVD rentals, (2) Increase in the price of concessions at the movie theater and (3) Increase in theater worker's..
1. in recent years consumption spending by households has accounted for about 70 of the total spending aggregate demand
Assume a good where its equilibrium price is 40 and its equilibrium quantity is 3.0 units. Compute the supply surplus when price is 60. Take into consideration that the elasticity of supply is 1 and the elasticity of demand (-1).
Explain how has the recent natural disaster in Japan influenced the provider of Toyota automobiles.
Members of some species of hermaphroditic fish choose, in each mating encounter, whether to play the role of a male or a female. Each fish has a preferred role, which uses up fewer resources and hence allows more future mating. A fish obtains a payof..
Give an example of a government created monopoly. Is creating this monopoly necessarily bad public policy?
Describe the assumptions of the monopoly model, as it applies to health and medical services where price discrimination takes place. Describe the assumptions of the monopoly model, as it applies to health and medical services, where suppliers can ind..
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