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What might be an example of a more elastic good?
What might be an example of a more inelastic good? Explain why.
What importance do you feel it is for firms to understand the elasticity of their products they are selling?
What are some possible investment choices as an individual?
What factors influence your decision on what to invest in?
How does the economic climate affect what you invest in?
Fully explain what that characteristic means and what its importance is to classifying a market as perfectly competitive.
q. what is the value of a piece of land? consider the following scenarios.1 suppose that you own a farm run by tenants.
Find the demand quantity and the supply quantity at a price of ?$25.
Some economists prefer to use the term businessfluctuations rather than business cycles toSome economists prefer to use the term business fluctuations rather than business cycles to discuss the historical growth record in the united states because..
Jones Co. borrowed money that is to be repaid in 12 years. So that the loan will be paid back at end of the 12th year, the company invests $8,000 at end of each year at 5% compounded annually. Using the tables in the Business Math Handbook that accom..
Identify four (4) forms of price discrimination that various entities are subjected to in the consumer market.
Keynesian model with efficiency wage and sticky prices
As soon as she graduated with an enginering degree and started working, Jamie bought a car for $40,000. A down payment of $10,000 was paid by her dad as graduation gift. The rest of the amount was financed with Generous motors at 3% nominal interest ..
Brian has the utility function U(X,Y)= X+16sqrt(Y), where X is the quantity of water consumed, and Y is the quantity of coffee consumed. Let the price of water be Px=1 and the price od coffee be Py=4. Let I represent income. (a) If I =8, what are the..
When prices are ($4, $2), Valerie chooses the bundle (9, 18), and when prices are ($1, $2), she chooses the bundle (8, 14). Is Valerie's choice of bundles consistent with the Weak Axiom of Revealed Preference.
The real interest rate is 4 percent, and the nominal interest rate is 6 percent. What is the anticipated rate of inflation?
A banks loan officer rates applicants for credit. The ratings are normally distributed with a mean of 200 and a standard deviation of 50.
Using what you have learned about market-based incentives, suggest a policy initiative that would discourage land disposal in the United States.
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