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Basic Economics-
1. Which products have steeper demand curves, elastic or inelastic products? Are products more elastic or inelastic in the long-run? Explain.
2. Is a demand for Lagunitas Beer more elastic or inelastic than Beer drinks generally? Explain.
3. Imagine you have two equations:
Quant. Demanded of i = 7000 - 600Pi - 200Pj + 0.1 INCOME. What is the relationship between product i and product j in the market?
4. Imagine that you take out a loan and use it to purchase a car in the year 2013. Deflation occurs in the following year. Is the person who took out debt better off or worse off? Explain why or why not.
5. What function do banks have that help the overall economy grow on a GDP basis? Explain.
Online research seems to be the best. They all have pros and cons of some sort. I would use online research to reach a certain demographic and have links from sites that my target market would visit. The benefits would be to gain information us..
Presume we are given the following information for the economy of Birch enough. GDP is $12,000, planned investment spending is $400 and autonomous consumption is $600. The marginal propensity to consume is 0.82. What is the value of the multiplier fo..
.if individuals are free to produce whatever goods they want, then when excess profit is being made, more people will enter into the production of that good and consumers will benefit as the price is pushed down.
Essay addressing the following points: 1. Economic effects of food dumping (Public Citizen)a. Driving down world pricesb. Eradicated food2. How does food dumping contribute to poverty?
We suggested above that an annually increasing renewal fee would be an efficient means of setting optimal patent life. Similarly, suppose that owners who wanted to restrict future use of their property had to pay a fee for each year that the restrict..
Examine the factors that determine the price of computers in a free market.
Discuss how PVRs will affect the demand from advertisers. What advice would you give the major commercial networks and producer of programming for these networks as more consumers adopt PVRs?
be substantive and clear and use examples to reinforce your ideas. because you just came on board the chief executive
Assume that an electric power plant could be built in the Upper Peninsula using wood as the fuel and would produce 621 megawatts of electricity. Assume that it would have an efficiency of converting wood energy into electricity of 0.29. Let's assu..
question 1.using the same amount of resources australia and new zealand can both produce apples and orangesas shown in
Identify a strategic alliance chosen company has formed and discuss how three to four of the issues from the following list have been addressed by the alliance - Adding value to products
For this part of the assignment, we will focus on the demand curve. Draw the demand curve for the A-Phone. Explain how the graph, price, and quantity demanded will change if the following occurs.
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