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Q1. Assume the price of a ticket to a jenny kraits concert is $41 also at which price, the quantity of tickets demanded is 17,000 per concert. Using the midpoint method of calculating percentage changes, if Mr. Kraits raises the price to $48 also the quantity demand decreases to 16,000, the price elasticity of demand for his concert tickets is
Q2. Tobies operate a small deli downtown. The deli business is monopolistically competitive. Toby tells you he is producing the quantity which minimizes his average total cost. Assuming which Toby is maximizing profits, you know Toby's.
If the government purchases also taxes are both increased by $100 billion simultaneously illustrate what will the effect be on equilibrium output.
Determine whether the Justice Department would challenge a merger between two firms in an industry with 10 equal-sized firms.
Two friends Diane also Sam own also run a bar. Diane tends bar on Monday Wednesday also Friday also receives wage in addition to tips.
If the nominal interest rate in Japan remains unchanged, what happens to the interest rate paid on Korean deposits.
Compare and contrast inflation and deflation. What are some of the damaging effects that each has on an economy.
Has the U.S. economy experienced inflation or deflation during recent recessions.
All the big computer manufacturers have little "Intel Inside" logos in their television advertisement.
Assume that the newspaper can't differentiate students from teachers and can only charge a fixed price per article.
Free zone would happen if the central bank lowered the federal funds rate and buy securities on the open market.
What are the two characteristics of public goods. Is U.S. border control a public good or a private good.
Find the equilibrium price and quantity algebraically. If tourists decide they do not really like T-shirts that much, which of the following might be the new demand curve.
Calculate the purchasing power parity exchange rate between the Swiss franc and the dollar. Based on your calculation, is the SF overvalued or undervalued.
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