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Gadgets are produced and sold in a competitive market. When there is no tax, the equilibrium price is $20 per gadget. The own-price elasticity of demand for gadgets is 0.5. If an excise tax of $4 leads to an increase in the price of gadgets to $24, what must be true about the own-price elasticity of supply for gadgets?
Suppose that the weights αm from the input to hidden layer are nearly zero. Show that the resulting model is nearly linear in the inputs.
Assume you tested several automobile tires and recorded a Chi-sq. test, you decide that miles until failure are normally distributed, with mean failure of 50,000 miles and the standard deviation of failures was 10,000 miles.
In writing your paper, you should start by indicating the purpose of the study. Also, discuss the methodology and conclusions.
What do we mean by "race to the bottom" in environmental regulation? As countries discuss climate change mitigation options, how does race-tothe-bottom relate to establishing CO2 emissions or GHG reductions among countries?
Explan how this could br true using aggregate demand and aggregate supply analysis.
Assume that demand for a commodity is represented by the equation P = 10 - 0.2 Q d, and supply by the equation P = 2 + 0.2 Qs where Qd and Q s are quantity demanded and quantity supplied, respectively, and P is the Price. Use the equilibrium condi..
How many engines will be sold at the swap meet?
Go to the Bureau of Economic Analysis at this Web site, and look up the latest new release for real GDP. Address the following questions after reading the latest release:
Assume the demand function and the supply functions for 24-can beer case in Houston are: Demand: QD = 1,000 ? 50P Demand: QS = 40P + 100 (a) What are the market equilibrium price and quantity for beer case?
Compared to other countries, the U.S. has had a low level of inflation since 1983. The only years that the inflation rate was over 4% for consecutive years 1988-1991. From 1987 to 1992 the CPI went from 113.6 to 140.3.
Country A has soil that is suited to corn production and yields 135 bushels per acre. Country B has soil that is not suited for corn and yields only 45 bushels per acre. Country A has soil that is not suited for soybean production and yields 15 bu..
How might free markets help reduce global poverty? How might they impede that goal?
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