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1. How would a University rule that states all students must use a certain Dell laptop impact your Ed for laptops
Explain your answer.
2. Raising bridge and tunnel tolls almost always leads to more revenue for the government, how can this be so given the law of demand?
3. What is a percentage change? How would you explain it in your own words?
George and John, stranded on an island, use clamshells for money. Last year George caught 300 fish and 5 wild boars. John grew 200 bunches of bananas.
Ki Airlines has determined that the price elasticity of demand for two customer segments (Business Class and Coach) is -1.50 and -1.75. Based on their expectations of profitability, Ki realizes the price of a Coach Seat should be $155 (one way). How ..
what he has learned to estimate the demand for ice cream in his father's parlor during his summer vacation. Using regression analysis.
Between 2013 and 2014 in a particular nation, the value of the consumer price index—for which the base year is 2010—rose by 9.091 percent, to a value of 120 in 2014. What was the value of the price index in 2013?
Elucidate how much consumer surplus would be created by randomly assigning buyer to sellers. Which method gives the larger surplus.
Given the following total profit function: π = 144X - 3X^2 - XY -2Y^2 + 120Y -35 1. Determine the level of output of each commodity at which the firm maximizes its total profit 2. Determine the value of total profit at the maximum output level
How has the recent increase in the price of a barrel of oil affected the prices of bicycles, cars and airplane fares?
Illustrate what are the monopolist's profit-maximizing price and total output.
In the neoclassical growth theory
q.exercise 1graphically represent on the islmfx diagram the effects of the following cases use a new diagram for each
Draw the complete Solow growth model, identify equilibrium and label completely and correctly. Now suppose that there is a negative shock to total factor productivity. Draw the implications of this change on your graph. Identify the changes to per ca..
A risk neutral monopoly must set output before it knows for sure the market price. There is a 50% chance the firm's demand will be P=20-Q and a 50% chance it will be P=40-Q. The marginal cost of the firm is MC=Q. What is the expression for the expect..
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