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1. Between academic education and vocational education, which do you think is the better way to gain knowledge and skills?
2. Why before writing you should ensure that your writing is well structured and uses paragraphs to separate different ideas or topics?
Numerous times in the lectures labelling the vertical axis as euro per $ and the initial supply and demand curves labelled with 12/07, Label this initial point as point A.
New trade theory came about when economists realized that the theories of specialization and trade (i.e. the Ricardian trade model) were not being borne out in
Assume that in the short-run, wages and prices are flexible enough to adjust, that at full employment, firms and workers are able to negotiate lower nominal wages, which will shift the short run aggregate supply rightward. Also, keep in mind that the..
Let's consider traveling waves that are generated on a string by an oscillator with a period of 1.52×10-4s. Assuming the speed of the waves to be 575 m/s, Calculate the wavelength of the waves on the string. At what frequency should the oscillator..
The demand for company X's product is given by Qx = 12 - 3Px + 4Py. Suppose good X sells for $3.00 per unit and good Y sells for $1.50 per unit. a. Calculate the cross-price elasticity of demand between goods X and Y at the given prices. b. Are goods..
At a price of P = 35, what is the size of the surplus that will exist in the market?
A survey sent out to 25,000 surgeons has revealed that the prevalence of alcoholism within this particular medical category is disproportionally
Elucidate how does consumer surplus after the discovery compare to Illustrate what would exist if the New Jersey oil were supplied competitively.
The equation for the original demand curve is Q=50-6.25P. Find the new demand equation when demand increases by 20% (Round to one decimal place). Q=___ - ___P. Find the new equilibrium price and quantity after demand increases 20%. P= ___ Q=___
Suppose the monopolist is regulated to charge a rate which covers all unit cost and total cost, what is this rate and how many units will the monopolist produce?
For each, consider the impact on society and on business Who will benefit and who will be hurt, at least in the short run? The development of a cheap source of energy that was virtually unlimited, yet small enough to fit in a pocket The development o..
Chipotle wants to run an experiment to estimate the demand elasticity for its customers who consume pork burritos. Chipotle raises the price of pork burritos 5% in half of its restaurants, but keeps the price of pork burritos unchanged in the other h..
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