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Traditionally, the perfectly round, white saltwater pearls from oysters have been prized above small, irregularly shaped, and strangely colored freshwater pearls from mussels. By 2002, scientists in China (where 99% of freshwater pearls originate) had perfected a means of creating bigger, rounder, and whiter freshwater pearls. These superior mussel pearls now sell well at Tiffany's and other prestigious jewelry stores (though at slightly lower prices than saltwater pearls). What is the likely effect of this innovation on the cross-elasticity of demand for saltwater pearls given a change in the price of freshwater pearls?
If the CPI was 110 last year and is 121 this year, what is this year's rate of inflation In contrast, suppose that the CPI was 110 last year and is 108 this year. What is this year's rate of inflation What term do economists use to describe this..
freedonia a legendary country1 consumption function c 1000 0.95y2 investment function i 4003 ae c
How many units of labour would be employed?
The government has announced that it intends to cut national taxes and boost spending on the national education system to reduce unemployment in the north-west. Comment on the efficiency of this policy initiative.
Today the average undergraduate student is responsible for paying off a $3,500 balance on his credit card. Suppose the monthly interest rate is 1.75% (21% APR). How many months will it take to repay the $3,500 balance
Compute the average number of nodes E[N ] as a function of radius R, 1 ≤ R ≤ 20, required for the network to be fully connected. The average E[N ] should be computed based on 100 samples of the random node placement within the region.
Why is the supply curve of labor for any specific occupation likely to be upward-sloping, even if, for the economy as a whole, people work fewer hours when wage rates increase?
Identify and analyze at least four digital payment concerns Centervale Apparel might want to consider in light of what you've learned from NACHA.
consider the production function flk l k.a. suppose k is fixed at 2. find algebraic expressions for the total product
In the preceding question, assume that new cars sell for $18,000 and used cars sell for $2,000. If there is no depreciation and risk-neutral consumers know that 20 percent of all new cars are defective, how much do the consumers value a non defect..
What is the relationship between the marginal cost and the average variable and average total costs You may fill in all the appropriate numbers and draw a graph with MC, TVC, AVC, TC, ATC, TFC, and AFC
Is the term structure upward sloping, downward sloping, or flat? Why do you think this would be?
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