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What is a financial system, and why would a country with a well-developed and fully functional financial system be better off than a country without it?
The Pilot Pen Company has decided to use 15 test markets to examine the sensitivity of demand for its new product to various prices, as shown in the following table. Advertising effort was identical in each market. What is the price elasticity of dem..
Unemployment numbers drop as more jobless Americans Find out positions in local businesses. Which determinant of aggregate demand causes the change.
Define the equilibrium for this environment. Solve for the equilibrium you defined in part. Perform a cost benefit analysis for the project defined in part.
q.british columbia tourist association distributes s pamphlets maps and other tourist-related information to people who
If free trade increases a domestic firm’s access to the global market place such that it can double all factors of production and realize a threefold increase in output, what happens to its average unit costs and its ability to compete in the global ..
Suppose that in 2013, the U.S. runs a current account surplus of $514 billion. If other factors did not affect the U.S. balance of international indebtedness, it would decrease by $514 billion during 2013. Suppose that in 2013, the U.S. next external..
Additional projected costs are $1,000 for insurance and $3.20 per unit for materials and supplies. Their fruit smoothies would be priced at $5 per unit. A.) What is the accounting cost function for this business
US citizens spend more on iphones/smartphones than the citizens of other countries, yet this type of spending is seldom described as a problem. Why is spending more on healthcare different?
Consider the iron ore production industry, and assume that there are just two producers, FM and BHP. Initially assume that both firms are identical in terms of their production costs. If the two firms can cooperate, what should they do in order to ma..
Assume the cost of a can was $5.10. In this case, to maximize its profit the firm illustrated in the figure above would
Suppose the economy has a natural rate of unemployment of 6%. Suppose short-run output over the next 4 years is +1%, 0%, -1%, and -2%. According to Okun's law, what unemployment rates would we wxpect to see in this economy?
Consider a firm that has a production function given by Q = 200*L^(.5). Is this production function convex or concave? Does this production function make sense?
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