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Suppose that consumer price index at year-end 2011 was 150 and by tear-end 2012 had risen to 160. What will be the inflation rate during 2012?
Illustrate what do the economic indicators suggest about the current economy.
Draw a graph of the market for chewing gum. What are the equilibrium price and quantity? Mark the equilibrium price and quantity in the graph.
Use a budget constraint and indifference curve to show and elucidate how your consumption changes.
What are some examples of behavior that at one time wire victimless crimes that are no longer criminal.
Calculate the price elasticity of demand for Newton's Donuts
Estimate aggregate consumer and producer surplus before quota. Estimate new consumer and producer surplus after quota.
A Chinese retailer offers to purchase running shoes for $55 per pair and tennis shoes for $55 per pair for distribution in China. Should the shoe company sell any shoes to the Chinese retailer?
Explain how does global economic competition impact price elasticity in domestic market and decisions related to strategy a firm uses to compete. Why do most economists oppose trade restrictions.
At this level of pollution, what is the marginal cost of pollution control.
here are many liquid cold medicines, all of which have almost exactly the same ingredients. Yet medicines with brand names that the man recognizes from television commercials are for more than the unadvertised versions. Elucidate in economic terms..
Elucidate how the law of diminishing returns influences the shapes of the variable-cost and total-cost curves.
Given the demand and cost conditions, what price, output and profits result in the short run? What will happen as the firm moves from the short to the long run
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