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Stephen runs a pet salon. He is currently grooming 125 dogs per week. If instead of grooming 125 dogs, he grooms 126 dogs, he will add $68.50 to his costs and $60.00 to his revenues. What will be the effect on his profit of grooming 126 dogs instead of 125 dogs?
explain why inflation is a main concern for an economy and examine how well inflation in australia has been managed by
An increase in R&D induced by, say, government subsidies could result in a higher rate of product obsolescence, with new products replacing older ones at a faster rate. How does this "side-effect" of the subsidies affect firms' incentives to invest i..
Why an externality might exist in the situation that you described and thoroughly determined the solutions to mitigate these particular externalities.
The government can increase GDP in the short run by running a budget deficit. What are some long-term effects of deficit spending?
Compute the marginal rate of substitution of apples for bananas using the marginal utilities. Compute the value of the MRS at (2,4) and at (1, 16).
What is the mid-point (averages) formula for elasticity of demand? What does it measure? What do the values (1), (2), and (.50) indicate? What are the determinants?
What will be the price of a wristwatch to U.S. consumers if it is imported from Canada - What will be the price of a wristwatch in the U.S. in autarky - Canada and Switzerland. We can buy the same wristwatch from Canada for $30 and from Switzerland ..
How can a network airline profitably serve smaller
In order to expel a foreign diplomat, that individual must be declared____.Internationally, what is the name of the commercial code that governs many international commercial transactions concerning the purchase or sale of goods?
What were the key provisions of the American Recovery and Reinvestment Act passed by congress in February 2009? How has the impact of the act been evaluated?
using production function and mpk diagrams answer the following questions. for simplicity assume there are two
The Glass-Steagall Act was passed into law - the CAMELS rating system, the letter C stands
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