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Question - Dexter's donut shop is able to increase its total revenue from $2000 to $2400 by increasing price from $.50 to $.80. What is the price elasticity of demand for Dexter's donut shop?
Why does the U.S.'s deficit, surplus and debt have an effect, tax payers, future Social Security and Medicare users?
Explain the changes in interest rates, inflation, and unemployment rates that your research yielded. Explain one reason for each of the changes in interest rates, inflation, and unemployment rates.
What is the difference between savings and investment? Do you feel a business is taking a risk by incorporating technology into their production process in order to lower costs?
difference between accounting and economic profit and the demand for a product is more inelastic
Discuss whether you are for or against free trade. Start by explaining what it is and who does and does not benefit from it. Use real life examples to explain your case.
Suppose the government imposes a tax of $50,000 per week on baseball production. Now what price should Scahill charge, how many baseballs should he sell.
the widget industry in springfield is competitive with numerous buyers and sellers. consumers dont differentiate among
it is estimated that the annual heat loss in a small factory is 12000. proposal 1 will reduce the heat loss by 68 and
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How do government choices in regards to tariffs and quotas affect international relations and trade? Include and analysis of trade restrictions like tariffs and quotas.
What direction should government purchases be changed?
A firm's total cost curve is given by TC(q) = q(q-4)^2 + 2q. What is the formula for its AC curve?
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