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Predict what will happen to the price and quantity of tennis ball if the price of tennis racket falls and, at the same time, the government mandates that tennis ball manufacturers use more expensive plastics in tennis ball construction. Show your work.
I predict that the price of tennis ball will _________ and I predict that the quantity of tennis ball will _________.
What will happen if the effect on the supply side is expected to be much stronger than the effect on the demand side? Show your work.
Which is most likely occur under a system of clearly defined and enforced private property rights.
Consider an initial stock of 5000 tons of high grade ore. The demand function for this ore is P = 2400 – 0.2Q (Q is measured in tons/year), and the cost of extraction is constant at c = $200/ton. The discount rate is r = 0.10. Using a discount rate o..
Suppose that the chain-weighted index for GDP in Gambia was 275 in 2009 and 350 in 2010. The inflation rate between those two years was
Which of the following is NOT an example of controlling risk?
Between January and December 1994, U.S. unemployment fell from 6.7 percent to 5.4 percent of the labor force. The Federal Reserve, the nation's monetary-policymaking authority, took active measures beginning in February 1994 to raise short-term inter..
What impact do Federal laws and regulations have on international business? Name at least 3 different types of laws that affect international businesses (Cite country/product examples where appropriate)
Suppose ABC were to use the caps as a promotion. How many caps could ABC give away free? At what price would no caps be sold? Calculate the price elasticity of demand at a price of $6?
Suppose that the production function for Hannah and Sam’s home remodeling business is Q = F(L, K) = 10L0.2K0.3. If the wage rate is $1,500 per week and the cost of renting a unit of capital is $1,000 per week, what is the least-cost input combination..
Given the experience of the last several years, Elucidate how has the valuation of dot.com changed.
What is the difference between real and nominal GDP? Does GDP accurately reflect the nation’s welfare? Why or why not? How can a country’s GDP be manipulated? In your opinion, is the U.S. GDP being manipulated? Explain your answer.
"Consider the following statement: "Employers should be able to replace permanent workers during a strike." Do you agree? Explain why."
Which of the following statements is true about limited liability?
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