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Look at a recent copy of a newspaper.
a. What is the top economic news story? With which of the big questions does it deal? (It must deal with at least one of them and might deal with more than one.)
b. What tradeoffs do the news items discuss or imply?
c. Write a brief summary of the news item using the economic vocabulary that you have learned in this chapter and as many as possible of the key terms listed on p. 15 of the text.
How to solve general equilibrium in pure exchange economy with 2 consumer and 3 commodities
a more simple explanation of the group equilibrium in the short and long run
The demand for soft drinks has been estimated asQx 20PX 0.25PY0.45M 2 Determine the own, cross and income price elasticities of demand. Interpret your results.
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Question You are the COO at PineApple, a company that produces notebook computers for business people. The company has just developed a new model - Pbook. For production of P
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