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Problem
Suppose that the price of peanut butter rises from $2 to $3 per jar.
a. The quantity of jelly purchased falls from 20 million jars to 15 million jars. What is the cross-price elasticity of demand between peanut butter and jelly? Are they complements or substitutes?
b. The quantity of jelly purchased rises from 15 million jars to 20 million jars. What is the cross-price elasticity of demand between peanut butter and jelly? Are they complements or substitutes?
What characteristic of natural gas infrastructure led to regulation of the natural gas industry in the first half of the 20th century?
Prince Sports wants to exploit a favorable trend-the dramatic growth in tennis participation. For example, a recent study by the Sporting Good Manufacturers Association notes that tennis participation in the U.S. was up 43 percent from 2000 to 200..
Two organizations (one Non-profit and one for-profit) are considering different alternative courses of action within their organizations.
The cost of 150 H.P. compressors bought five years ago is as follows. For the first 50 compressors the cost was $2,000 per unit, and for the second 50 the cost was $2,400 per unit. Find the cost of 100 compressors of 200 H.P. rating today.
Goal: To explore possible explanations for the fact that why large firms are normally controlled by capital suppliers rather than labor suppliers. (i.e. Why labor-managed firm is rare.)
What determines the vertical intercept of the Security Market Line (SML)? What determines its slope? And what will happen to an asset’s price if it initially plots onto a point above the SML?
Net exports and the IS curve: Consider the way in which net exports depend on the real exchange rate. Does the dependence of net exports on the real exchange.
A presidential candidate in the U.S. chooses his own running mate (the vice-presidential candidate) and although the person chosen does not typically.
the xerxes company is composed of a marketing division and a production division. the marketing division packages and
a university spent 1.8 million to install solar panels atop a parking garage. these panels will have a capacity of 500
Suppose there were a cap put on executive pay by the government. Suppose that "excessive wages" of executives were "excessively" taxed. What would be the effects on wages of workers down the corporate ladder?
What would be true of entitlement spending if the percentage of taxes allocated to discretionary spending rose to 100 % and the federal budget was balanced? (Hint: Under a balanced budget, tax revenues equal the sum of discretionary and nondiscretion..
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