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In one year, 30 persons per 1,000 die of asthma. A new drug reduces that number to 20 per 1,000. How is outcome defined, and what is the "effectiveness" of the drug?
What is the elasticity of demand with respect to income? Comment on and interpret your answer (i.e., the sign and magnitude of the elasticity).
Describe the difference between rise in demand and an increase in quantity demanded, through giving an example of what would cause an rise in quantity demanded
1. Which of the following statements is/are consistent with publicly traded companies 2. In the context of the agent-principal problem, what term is used to refer to the costs incurred by principals to attempt to ensure that their agents are actin..
what is the concentration ratio for the industry x and y.number of firm ----industry x ------ industry y1
jet blue corporation continuously offers fare discounts to attract customers awareness about the company increase
how demand and supply determines prices in "contemporary art market" and the effects on speculation
Use the principles of supply and demand to address a predetermined goal
How would a substantial appreciation in the European euro in the foreign exchange market affect the quantity of imports of European products by the U.S.? How would such an appreciation of the European euro affect travel by Americans to Europe?
What will be the equilibrium price? What will be the equilibrium output for the industry? For each firm? What will profit or loss be per unit? Per firm? Will this industry expand or contract in the long run?
suppose the jeans industry is an oligopoly in which each firm sells its own distinctive brand of jeans and each firm
Suppose you own an insurance company. Further suppose that this market is composed of only 3 people. Further still, supposed that this insurance is full coverage and medical expenses are always $1000. It would be logical to also assume conditions ..
What is the Marginal Rate of Technical Substitution between labor and capital and what is the least cost method of producing the target level of output
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