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The demand function for a good is given by Q = 400 - 25P - 0.4P2 , At what price the demand elasticity is -0.8?
Conduct an online search related to recent (within 1 year) developments in speech (voice-recognition) technology. Discuss the current status of speech technology as a viable business application
Explain how they relate to current microeconomic theories and The paper must include a graph used as an explanatory tool of the economic principle presented.
Suppose the long-run total cost function for any firm in an industry is given by the cubic equation. TC=a+bq+cq^2+dq^3. Show (using calculus) that this total cost function is consistent with a U-shaped average cost curve for at least some values of a..
Analyze organizational costs and identify technical and economically efficient methods of production and acquisition of resources through the use of microeconomic principles and tools
Discuss and explain the income and consumption relationship make sure to describe marginal propensity to consume. If you received an extra dollar, how much of it would you spend?
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Prepare a brief, 2-3 page, paper outlining the major monetary poicy actions used by the Federal Reserve over the past few years.In general, have these actions helped the US construction industry? Explain.
where P is the original price paid for the car. If P = 35000, determine the selling price of the car after 5 years. What is the rate of depreciation of the car after 7 years?
The demand for housing its often described as being highly cyclical and very sensitive to housing prices and interest these characteristics describe the effect of each of the following in terms of whether it would increase or decrease the quantity de..
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Presume David spends his income (I) on two goods, x and y, whose market prices are px and py, respectively. His preferences are represented by the utility function u(x;y) = lnx + 2lny (MUx = 1=x;MUy = 2=y).
In a graph with square feet of housing on the horizontal axis and ‘all other consumption' on the vertical axis, illustrate all of the bundles in this family's choice set - How much does it cost the government to provide a public housing unit to th..
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