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Suppose that the price of beer rose by 2.2%, the price of pizza rose by 5.3% and the price of chocolate did not rise at all. Also, suppose that beer preresents 22 percent of the economy and pizza represent 4 percent. Chocolate is the rest of the economy. What was the inflation rate for this economy?
Its terminal salvage value will be $23,000, with annual operating costs of $7,500 for labor and $2,500 for maintenance. The company's minimum attractive rate of return is 18%.
If a random sample of 400 clients is elected, what is the probability of Type I error using this decision rule.
The market demand and supply function for VCR movie rentals are: QD= 10 - 0.04p and QS 3.8P = 4. Calculate the equilibrium quantity and price.
A monopolist faces a demand curve given by P=105-3Q P is price, Q is quantity demanded. Marginal cost of production is $15.00. No fixed costs. Explaim how much output in order to maximize profit.
Suppose that the price didn't change. Elucidate amount of income that Ms Ramirez has to give up to have the same level of utility as if the price had changed.
Which of the following market transactions of final goods and services are excluded from the computation of U.S GDP
What market structure would this industry fall under? What are the names of other firms in this industry? Is it monopolistic competition, oligopoly, monopoly, or perfect competition?
Assume which the United States presently both produces kumquats and imports them.
while a decrease in price of pizzas rotates it rightward. How can we possibly speak systematically about people's preferences.
Which of these methods of encouraging growth would you suggest for the typical company in Hong Kong also Singapore
Based on your answers in a also b, how can you reconcile the president's statement with economics. Can you suggest how his statement could be modified to be consistent with the IS-LM model.
If a 20% decrease in th price of long distancephone calls leads to a 35% rise in the quantity of calls demanded, you may conclude that the demand for phone calls is.
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