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Price data shows that banana prices were steady between years 2009-2011, and then increased from about $2-$3 per kilo to $13-$16 dollars per kilo after February 2011. Discuss the factors and mechanisms that have causes these patterns of price change. Use Demand and Supply diagrams when needed.
The three Cs in the 3C strategy for persuasive writing are
What is the value of the price index in 2014? What is inflation from 2013 to 2014?
Suppose that there is no fixed production input (i.e. long run.) With the production function above, the slope of the isoquant is given by MRTS = -(K/2L). Assume the firm chooses to hold costs C at $50.
Identify the reasons why the quantity demanded of a product increases as the price of that product decreases.
How did the Social Security system influence the size of budget deficit during 1985-2010? How will it influence the deficit during the next two decades? Why or why not?
what will happen in the market for personal computers? How will the equilibrium price and equilibrium quantity of personal computers change?
Consider a competitive market in long run equilibrium (all firms are identical with a U-shaped cost structure, there is free entry/exit in the market, and there are no other external price effects). Suppose the government imposes a fixed fee per year..
Layton Tire and Rubber Company wishes to set a minimum mileage guarantee on its new MX100 tire. Tests reveal the mean mileage is 67,900 with a standard deviation of 2,050 miles and that the distribution of miles follows the normal probability distrib..
Illustrate what are the major similarities also differences among the name-your-own-cost model also the electronic tendering system.
In what types of circumstances is it beneficial to hire a lawyer to draft up a contract? What are the disadvantages of hiring a lawyer?
You are given the following linear demand function and the current mean values: Qd = 1000 – 2Px + 3Py + 4A; where Px = 100, Py=100 and A=100. what do you expect to the Y-axis intercept (P) and the X-axis intercept (Q) on your graph?
Is this commitment irreversible. Analyze Fiat's entry in term of Ghemawat's framework for analyzing commitment.
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