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After the unexpected exceptional performance of a company, all of its employees received a one-time bonus. This led to a rightward shift of the demand curve for laptops manufactured by the company and a leftward shift of the demand curve for flash drives. This shows that laptops are:
A. complementary goods
B. inferior goods
C. normal goods
D. substitutes
Sometimes price cuts can have an unintended result of consumers waiting for deeper discounts. What does this waiting suggest about supply and demand?
You decide to buy 1,300 shares of stock at a price of $86 and an initial margin of 75 percent. What is the maximum percentage decline in the stock before you will receive a margin call if the maintenance margin is 40 percent?
For the next five questions, consider a monopolist. Suppose the monopolist faces the following demand curve: P = 180 - 4Q. Marginal cost of production I is constant and equal to $20, and there are no fixed costs. What is the monopolist's profit maxim..
What happened to cause bankruptcy? How did theverything loss of the Apple contract affect fixed cost for the glass supplier? How might this have affected Average Total cost( ATC)? Compare this situation to economies of sale.
The economist Alan Blinder said that any economist who mows his own lawn probably has not understood the concept of comparative advantage. Would you agree with Professor Blinder. Explain how the use of collateral in financial markets can lessen the e..
If the government establishes a quantity subsidy on the consumption of a good, it means that the consumer has to pay for each unity of the good its price minus the subsidy. That is, the price of the good becomes, in the consumer’s point of view, p..
In earlier topics, you explored the tenet of conscious leadership and the influence of self-awareness on your leadership style. You established that a clear understanding of your abilities, motivation, and goals provides a firm foundation for leading..
Mr.A makes $50,000 a year and pays $10,000 in taxes. Ms.B makes $30,000 a year and pays $6,000 in taxes. Find the tax rate and after tax income for each of them. Identify what type of tax this is. Consumption is $6 trillion, investment is $2 trilion ..
Horizon Wireless must rebuild a cell tower recently destroyed by a tornado. If made of normal steel, the tower will cost $40,000 to construct and should last 18 years. Maintenance will cost $1,000 per year. If corrosion resistant steel is used, the t..
In June 2008, the U.S. retail gas price jumped from $3 to $4 a gallon. This is a 33% increase in price from January 2008. During that time, the total quantity of gasoline purchased fell by 3%. Supplies of gasoline produced also decreased from one mil..
Why does the assumption of independence of risks matter in the examples of insurance. Illustrate what would happen to premiums if the probabilities of house.
Movies are distributed in a variety of forms, not just first run theatrical presentations. What other ways are movies distributed? What are the different price points
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