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In a local market, the monthly price of internet access decreases from $40 to $30, and the total quantity of monthly accounts across all internet access provider's increases from 140,000 to 240,000.
What is the value price elasticity of demand, disregarding the negative sign? _________ (round your answer to two decimal places)
The demand is elastic / inelastic? _________________
the grocery store next door provide an offers to double coupon night for Senior Citizens.
Illustrate what most people do not realize is that what the Fed is actually doing is changing money supply (and not interest rates directly). When money supply changes, interest rates automatically adjust to keep the money market in equilibrium.
Determine what does a contractionary gap imply about the actual rate of unemployment relative to the natural rate?
The World Bank is at present advising newly industrialized countries on how to encourage growth and they have asked for your help.
Your analyst tells you that he has estimated the following linear regression model of your company's long run technology:
Finding the short run and long run profit maximizing price - quantity and number of firms in industry.
What would be the net marginal revenue of the marketing division of the firm for the pocket calculators? At what price should the calculators be sold on the external market?
Suppose that a perfectly competitive company is currenly producing 5,000 units of output and is earning $10,000 in total revenue.
Research monetary and fiscal rules that have affected a particular chosen industry and determine two sources to help you answer following questions about the industry you select.
What is a federal government budget deficit? What is the national debt? How does a budget deficit affect the economy?
Throughout this course we have discussed the 'agency problem' - i.e., when the interests of owners and managers are not properly aligned.
How does the free rider problem explain why telephone companies are usually successful in getting permission to raise their rates?
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