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If a rise in the price of personal computers from $3,000 to $4,000 lowers the number of CD-RW's purchased from 20 million a month to 16 million a month, what is the cross-price elasticity of demand between computers and CD-RW's? Are these goods substitutes or complements?
Illustrate what are some of the downside risks also potential problems involved when using fiscal policy.
Suppose a consumer's preferences can be described. Derive the customer's marginal rate of substitution at the point.
Every Saturday morning he requires his sales staff to send him a report. This report Comprises, among other thing, the number of professors visited during the earlier week.
What would be ultimate impact on the equilibrium price also quantity in the market for oak tables if the price of maple tables.
Suppose that a calculator company operates in a perfectly competitive marketplace producing 5,000 Calculators every day.
Give an example of an event or incident that has taken place in the U.S. economy which has a major economic impact--be specific.
Why do farmers landowners have an incentive to maintain the productivity of their land over time.
Draw a set of indifference curves that would make it optimal for him to work 4 hours of overtime each day.
The Federal Reserve Bank of St. Louis maintains a Web page devoted to international economic trends.
Suppose price of Treasury bill falls to $925. Illustrate what is interest rate.
The existing equipment will be sold for $6,000. Illustrate what is the first cost that should be used.
EXplain how much output will each firm produce in the Stackelberg Equilibrium. What will be the market price. How much profit does each firm make.
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