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You shop for groceries in 2007 and buy $300 of food. Two years later, in 2009, you buy an identical “market basket” of groceries, only this time it cost $318. What is the CPI relative to 2007 as the base year? Show calculations.
the present market conditions for the Xerox corp by addressing the price elasticity of demand for the company.
Private and Public Goods) Distinguish among private goods, natural monopolies, open-access goods, and public goods. Provide examples of each.
Assume the U.S. government determines that cigarette smoking creates social costs not reflected in the current price of cigarettes
Assuming that there is a dominant firm, whose marginal cost is constant at $6. Derive the residual demand curve that it faces. Calculate its profit-maximizing output and price and show just the Output number and Price per unit.
Explain how does Global Intellectual Property Laws affect Telecommunication industry economic growth.
Rachel earns nothing during her learning period, 600 during her working period, and 300 during her retirement period. She has no initial assets. The real interset rate is 0.25. Rachel is not allowed to borrow by the banks.
Master Card has a series of cute commercials that list a series of accounting items and costs leading to a priceless product. Cell phones are often advertised as being free. In economics, it is said that nothing of value is either free or priceles..
Elucidate how these economic concepts can be used to address the firm's problems and opportunities.
Illustrate what is the gain for a nation that results from specialization in the production of products for which there is a comparative advantage.
America's young people are heavy Internet users; 87% of Americans ages 12 to 17 are Internet users (The Cincinnati Enquirer, February 7, 2006). MySpace was voted the most popular Web site by 9% in a sample survey of Internet users in this age grou..
Now suppose the price of apples is back at $2, but a hurricane destroys half the orchards. Calculate how the hurricane affects the income of each worker and of each remaining orchard owner. What happens to the income of Ectenia as a whole
Determine the QSD and set up a floating-for-floating rate swap where the swap bank receives .125 percent and the two counterparties share the remaining savings equally.
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