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Think about the demand for the three game consoles: Xbox, PS3 and Wii. Explain the effect of the following events on the demand for Xbox games and the quantity of Xbox games demanded, other things remaining the same.
a.) The price of an Xbox falls.
b.) The prices of PS3 and a Wii fall.
c.) The number of people writing and producing Xbox games increases.
d.) Consumers’ incomes increase.
e.) Programmers who write code for Xbox games become more costly to hire.
f.) The expected future price of an Xbox game falls.
g.) A new game console that is a close substitute for Xbox games comes onto the market.
Write the numerical formula for the LM curve? What is the equilibrium level of r?
HOW can different investment vehicles affect the risk and returns of the pension fund? What are the pros and cons of using international investment vehicles, real estate, and alternative asset vehicles in a pension investment portfolio?
What profits are being made. What type of profit is this normal or abnormal. What is the cost per passenger carried(as opposed to the cost per vehicle kilometre)
Show the Income Consumption Curve for this consumer for income values M = 12, M = 24, and M = 36.
Suppose that Kiribati can produce 1000 tons of breadfruit or 500 tons of fish, and that Tuvalu can produce 750 tons of breadfruit or 1875 tons of fish. What is the opportunity cost of 1 unit of fish in Kiribati? Which country has a comparative advant..
Government could address the problem with increasing government spending, cutting taxes, or both. If the government decided to increase spending to address the problem, by how much should spending be increased? What could happen to make the policy y..
If unexpected inflation does not exist
Visit the Fed's Summary of Commentary on Current Economic Conditions, also known as the Beige Book. Prepare a proposal recommending monetary policy actions designed to correct problems with spending, employment, and prices. Defend your choices.
q.1let x be a random variable with probability density function fxc1-x2 -1ltxlt10 elsewherea what is the value of c?b
Revenue from sales = $5,000,000, cost of production = $2,500,000, depreciation = $100,000, and the combined state and federal tax rate = 40%. The tax owed =
On a set of axes, sketch a concave production frontier. Starting near the midpoint on the production frontier, use arrows to show that the nation incurs increasing opportunity costs in producing more of X (the commodity measured along the horizont..
Where does all the water go? According to the Environmental Protection Agency (EPA), in a typical wetland environment, 40% of the water is outflow; 50% is seepage; 7% evaporates; and 3% remains as water volume in the ecosystem. Compute the weighted a..
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