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1. Many products, such as golf clubs, are made with graphite-epoxy resins because it's strong and lightweight. If a new tchnology reduced the cost of producing graphite-exposy, then you'd expect ___ in the graphite epoxy golf club market.
a. both supply and demand to increase
b. supply to decrease
c. demand to decrease
d. supply to increase
e. demand to increase
2. What has been the biggest factor in the increased supply of computer chips over the past few years?
a. An increase in the quantity demand of computers.
b. An increase in the demand for Internet service
c. An increase in the quantity supplied of computers
d. An increase in the demand for computers
e. An increase in the supply of computers.
A business called TopClass, Inc. has the following Costs and Benefits: Initial Cost: $70,000, Annual Costs: $7,500, Salvage Value: $10,000, and Benefits: $25,000 for years 1 and 2, $35,000 for years 3 and 4, $25,000 for years 5 and 6. The MARR is 10%..
Stacey and Betsy are contestants on a game show. They each select a wrapped box from four choices. They know that one box contains $100 and the other three boxes contain $1000, $10000, $100000. Stacey agrees to trade. Did Betsy’s husband give her goo..
Lisa plans to retire on her 61st birthday. On her 22nd birthday, Lisa will start savin $A per year for 40 years. Starting on her 62nd birthday, Lisa plans on withdrawing $10000 and will continue these annual with drawls until the account is exhausted..
For each of the following situations, decide whether the bundle Lakshani is considering optimal or not. If it is not optimal, how could Lakshani improve her overall level of utility? That is, determine which good she should spend more on and which go..
In producing petroleum from oil shale, approximately 1.5 metric tons of shale should be processed to produce one barrel of oil (140 kg). Determine the mass and volume of spent oil shale resulting in the production of one million barrels of oil. Assu..
q.read through the budget speech presented by the minister of finance on 22 february 2012. explain in detail whether
When a recession generates unemployment, it is considered: At the national economy level, technological development can generate:
If you were the leader of your country and you had control of fiscal and monetary policies, what would you likely do with the use of fiscal and monetary policies before the next general election?
Give a numerical example to Explain how which a monopolist's marginal income can be upward-sloping over part of its range.
Suppose that Glitter Gulch, a gold mining firm, increased its sales revenues on newly mined gold from $120 million to $240 million between one year and the next. Assuming that the price of gold increased by 100 percent over the same period, by what n..
A market has a demand curve described by P=30-Q, a supply curve described by P=16+Q, and a price ceiling of 20. Calculate the Total Surplus of the market with the price ceiling
Assume Hailey's Utility Function is U = x^2 y . The price of X is $8 per unit and the price of Y is $2 per unit. Her income is currently $240 / month. Determine her utility maximizing quantities of x and y. Suppose the price of X goes down to $4 per ..
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