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Iron ore is Australia's largest export. Suppose that there was an unexpected increase in demand for Australia's iron ore exports globally. Explain what this would do to Australian Dollar exchange rates, and how this would impact other exporting industries, other import-competing industries, and domestic consumers.
Explain why this might not eliminate the social cost of monopoly power (i.e. how might the social cost of a monopoly exceed the deadweight loss seen on a graph?
When the production function and the revenue are function the same in a model? (Answer is related to an assumption made about the price of the consumption good)
What has your experience been? If you are not, why have you not joined communities for products or services that you like?
One $3,000 payment received in five years and another $3,000 payment received in ten years, with an interest rate of 6%.
The price elasticity for rice is estimated to be – 0.4 and the income elasticity is 0.8. At a price of $0.40 per pound and a per capita income of $20,000, the demand for rice is 50 million tons per year. Is rice an inferior good, a necessity, or a lu..
Suppose the a business buy a total 110 billion of the four resources (land, capital, labor and entrepreneurial ability) from households. If households receive $64 billion in wages, $12 billion in rent, and $22 billion in interest, how much are househ..
How does organizational culture affect innovation? Are there any guidelines we can develop and implement in organizations that will enhance our innovation capabilities? Include examples.
below is a list of domestic output and national income figures for a given year. all figures are in billions. the
A. Describe the economic meaning and statistical significance of each individual independent variable included in the San Francisco demand equation
Suppose that a 10% decrease in the price of a product has resulted in a 30% increase in the quantity demanded for a product. Is demand elastic or inelastic in this price range? Explain and demonstrate using the elasticity formula.
q1. the average height of 27 unfertilized plants is 13 cm s 3.9.and you wish to test whether this differs
Burling Water Cooperative currently contracts the removal of small amounts of hydrogen sulfide from its well water using manganese dioxide filtration prior to the addition of chlorine and fluoride. contract renewal for 5 years will cost $75,000 annua..
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