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Jason enjoys DVDs and spy novels and spends $60 a month on them. The price of a DVD is $20 and the price of a spy novel is $10.a. What is Jason's real income in terms of spy novel?b. What is the relative price of a DVD?
Illustrate (Draw the graph) the following events with AS and AD shifts. Start with the initial graph then add the change to either the AS or AD.
Describe the total shortage associated with the price ceiling. Compute the full economic price. How much is the non-pecuniary price.
A perfect competitive firm has the cost function TC = 1000 + 2Q + 0.1 Q^2-What is the lowest price at which the firm can break even?
I am a manager in a governmental agency. I have no control over compensation policy. All workers are paid the same salary.
In your professional, provide an example of supply and demand and how a shift in either caused a significant change in price or the quantity demanded.
Explain how would you classify the product in terms of it's income elasticity.
Explain how would you decide also what was the best level of emission reduction. Why do you think your approach would be better than others.
Assume that the nominal wage rate equals 60. In the short-run, aggregate demand and aggregate supply are equal at a price level of 1.0.
Important information about Regression anaylsis. Compute the equilibrium price and quantity.
Assume your bank increase its minimum-balance requirement for free checking on checking accounts by $500. You take $500 out of your passbook savings account
Fewer potatoes are demanded when the price of rice has fallen from $ 0.25 to $0.10 cents per pound-The Molly Jock wants to buy a high definition television to watch the Olympic Greco roman wrestling competition in Beijing.
If the Bank of Canada continues to take expansionary monetary policy, how are the unemployment rate and inflation affected? (Use both Phillips curve and AS-AD graphs in your explanation.)
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