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Suppose that in a week the price of Greek yogurt increases from $5.00/lb to $5.25/lb. At the same time, the quantity of Greek yogurt supplied increases from 100,000 lbs to 125,000 lbs. What is the price elasticity of supply for Greek yogurt?
In Japan, pharmaceutical prices faced by consumers
Barney's Liquids and Aunt Bee's Lemonade plan to expand their international partnership for the marketing and distribution of ready-to-drink tea products by adding 12 countries to their current markets. If the agreement is reached, operations are exp..
Suppose you're in charge of establishing economic policy for this small island country. Which of the following policies would lead to greater productivity in the weaving industry?
The mean hourly wage for employees in goods-producing industries is currently $24.57. Suppose we take a sample of employees from the manufacturing industry to see if the mean hourly wage differs from the reported mean of $24.57 for goods-producing in..
What does Autor mean by "polarization of job opportunities?" Illustrate what is the primary cause of this polarization.
According to Jared Diamond, what are the “roots of inequality” in the division of the world into ‘haves’ and ‘have-nots? What role has “the roots of inequality” played in the division of the world into ‘haves’ and ‘have-nots’ within today’s globaliza..
Suppose that you are trying to determine the after effects of hurricane Katrina on the economy of Louisiana. Which assumptions could be made to simplify the study? Consider the effects on all of Louisiana’s interstate trade partners. Determine the ef..
The investors in exercise 2 are surprised by firm's performance in year 5. Instead of being $20 million, the firm's profits are $40 million. What happens to firm B's stock price in year 6 and 7?
Would you expect firms in a tight oligopoly market reap higher profits than firms in a loose oligopoly market.
Which statement is consistent with someone saying that they received $100 in consumer surplus?
"Exotic" mortgages became popular in part because they allow someone of:
Suppose that a change in the expected inflation rate leads supply and demand to adjust so that the expected real interest rate is unchanged at 3.0 percent.
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