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Assume that scooters are an inferior good. Assume that consumers' income has increased and that labor costs for producing scooters has decreased. Draw and describe a graph showing what would happen to equilibrium price and equilibrium quantity in the scooter market when income increases and labor costs decrease
On one graph, draw a time series graph showing salaries of McDonald cashiers, reality TV starts, and NBA basketball stars. (Make up a total of 9 data points, you don’t need to show the actual numbers)
Two Developing Countries with two Different international Economic Results: A Comparative study of chile and Bangladesh. Make note of how the article deals with economic theory: do you think it lacks sound economic theory?
Consider a copy shop with annualized fixed costs of $1000 and variable cost of $0.03 per page. The shop presently has orders for 100,000 copies at a price of $0.05 per page. What is the shop’s average cost (AC) without taking the new order? Is it les..
make a recommendation to your neighbor based on convincing economic analysis.
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..
q1. assume that the reserve requirement is 25 percent. if a single bank has excess reserves of 500000 explain
For each year from 2006 to 2009, calculate the dividend yield, the capital gains yields, and the total return to the stock. Express your calculations in percentage terms.
Some economists argue that it is possible to raise the standard of living by reducing population growth.
What's the difference between Chesapeake women and native women in the seventeenth century?
Consider Solow's model when the production function is Y = 1000K0.3L0.7. The population growth rate is 2%, ? = 0.1 is the depreciation rate and s = 0.25 is the savings rate. Compute how much more output there is in this economy immediately thanks to ..
Assume the total population is 180 million and there are 1 million discouraged workers, 9 million unemployed workers, 20 million part-time workers and 121 million workers employed full time. The unemployment rate is: 5 percent 6 percent 6.4 percent 7..
Illustrate what basic principles does production possibilities (or transformation) curve. Consider where an increase in production of one good requires an increase or decrease in production of or goods when K and L are held constant.
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