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Suppose that Mimi plays golf 5 times per month when the price is $40 and 4 times per month when the price is $50. What is the price elasticity of Mimi's demand curve? Use the Midpoint Method to answer this problem.
If se economists ignore possibility of crowding out, illustrate what would they approximate marginal propensity to consume (MPC) to be
A large city in the mid-West needs to acquire a street-cleaning machine to keep its roads looking nice year round. A used cleaning vehicle will cost $85,000 and have a $20,000 market (salvage) value at the end of its five-year life.
what will be the value of the lost revenue after a 3-year period at an interest rate of 11.940397% per year, compounded continuously?
Customers arrive at an automated coffee vending machine at a rate of 4/min, following a Poisson distribution.
an across-the-board tax reduction in income tax rates or a package of tax-relief measures that would give every household a $200 tax rebate and allow them to deduct the interest they pay on credit card purchases?
Explain which of the two classmates would you prefer as a partner. Would he also want you as a partner.
If you were to learn that gatorade introduced new favors in 2010, how should that information affect your calculation to the inflation rate.
If marginal utility is declining over a period of time during which the consumption of a good is occurring, If two goods have the same price, then
According to Friedman and Schwartz, what was the consequence for the U.S. money supply of the Federal Reserves crime of commission?
The election of a new Congress causes consumer confidence to soar as expectations of future economic growth are solid.
Why could you say that supply-side economics is really more about after-tax wages and after-tax returns on investment than is about tax rates?
What happens to the stock of money if the Fed lowers reserve requirements by changing the reserve ratio to 10 percent?
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