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If two goods are supplements, their cross price elasticity will be:
1)postive, 2) negative, 3) zero or 4) equal to the difference between income elasticities of demand for the two goods.
Ryan has $200 per week to spend on gas and food. The price of gas is $4/gallon and the price of food is $2 unit. What is the opportunity cost of an additional unit of food in terms of gallons of gas? What is the opportunity cost of a gallon of gas in..
In which instance will total revenue decline?
Assuming the labor supply curve to an occupation is upward sloping, economic rent is earned by:
At the beginning of the year, an audio engineer quit his job and gave up a salary of $ 175,000 per year in order to start his own business, Sound Devices, Inc. The new company builds, installs, and maintains custom audio equipment for businesses that..
What value of y survives as a solution if all firms are competing for high ability workers.
The solution to principal-agent problem ensures that the firm is operating
What is the probability of attendance between 39,000 and 45,000? e) What must the attendance be at a game, for that game's attendance to be in the top 1% of all games?
q1. to start this thread do some web research on a company which interests you and which is publicly traded in some
q.although economists routinely use gross domestic product gdp and other national income and product statistics in
What is meant by marginal analysis, and how is this related to the objective of efficiency for a society’s allocative choice.
Abenomics seems to me like a straightforward and modern plan of economic revelation through monetary easing and some attempt at structural reform. While it's still early, it looks like many of the predicted effects of this approach have begun to mate..
The demand for the product of a business is given by q = 50 - 2p. If the price of the product is p = 10 dollars, the revenue is
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