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Assume the market price of wheat increases by 5 percent causing farmers to increase wheat production by 5 percent. Calculate the price elasticity of supply. Using the formula for price elasticity of demand or supply, answer the following question:
Why are energy and food left out of the calculation of core inflation? On an individual level, does the core inflation rate accurately reflect the rate of inflation you face on a monthly basis? If not, what would be your "basket" of goods and service..
A decrease in consumer spending can be expected to shift the
What are your most distinguishing leadership traits? What traits do you strive to learn to develop? As a follower, what leadership approach do you prefer from your leader?
A local department store puts out products at an initial price, and every week the product goes unsold its price is discounted by 25% of the original price. If it is not sold after 4 weeks, it is sent back to the warehouse.
q1. assume the following data for a country total population population under 16years age of institutionalized 120 not
Two laws that affect the operations of labor markets are the minimum wage law and the right to work law. Who benefits and who loses from each of these laws?
In multiple regression analysis, explain why the typical hypothesis that analysts want to test is whether a particular regression coefficient (B) is equal to zero (H0: B = 0) versus whether that coefficient is not equal to zero (H1: B ? 0).
Assume you are currently working in a government job that pays$20,000/year and you have $40,000 in an account earning 10% interest. You have the opportunity to buy a fruit orchardthat produces $23,000/year in revenue for a price of $50,000.
Does this event increase or decrease demand and/or supply? How does this change in demand and/or supply affect the equilibrium prices and quantity in the market? In other words, do they increase or decrease? Find the new equilibrium and compare it wi..
Regarding deregulation-Much of the empirical evidence shows that deregulation has improved efficiency in the U.S. How can deregulation improve efficiency?
Assume you have an asset which will pay 5,000 dollars at the end of each year forever. Then, if the interest rate is 5% per year, the value of the asset is
Suppose the federal budget deficit for the year was $100 billion and the economy was in a recession. If the economy had been at potential GDP, it is estimated that tax revenues would have been $60 billion higher and government spending on transfer pa..
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