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The Equation of Exchange is given as MV = PY , where M= the nominal money supply, V= the velocity of money, P= the price level and Y=real GDP. What is the Monetarists’ argument (based on the quantity theory of money) about an increase in M? Explain any assumptions that are made to reach their conclusion.
When the absolute value of the own price elasticity of demand is zero, demand is:
what is the cross-price elasticity of demand between computers and CD-RW's? Are these goods substitutes or complements?
Help wanted advertising is higher than usual also the consumer price index is up more than expected.Inflation has slowed markedly also the Dow Jones average is at record levels.
Supply is given by the equation P=10+0.05Q. Demand is given by the equation P=600-0.05Q. Calculate the price and quantity at which the price elasticity of demand is equal to -1. How might you describe that point?
How could a company go about meeting those needs and thus motivate you to work better and harder.
The two ways of looking at GDP are the
Electrotech, a maker of household smoke detectors, buys resistors for its smoke alarms for $.15 each. The resistor manufacturer marks-up the resistors from $.10. Does the resistor manufacturer’s mark-up necessarily represent profit?
Santiago is from Spain but lives in Texas. Ryan is from England but he lives in Arizona. A car dealer in Texas buys a new BMW from a BMW factory in Arizona for $51,567 and later sells the new BMW to the final buyer, who is Santiago for $75,120. Later..
q1. the demand for good x is estimated to be qxd 10 000 - 4px 5py 2m ax where px is the price of x py is the price
The average fixed cost curve always has a negative slope because
q.your firm is considering the purchase of an old office building with an estimated remaining service life of 25 years.
Advantages and disadvantages of a company using price discrimination in order to increase demand for its product or service.
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