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Q. Supposes cost of consumer market basket rose from $200 in base year to $225 in current year. Calculate CPI in current year and percentage change in prices between base year and current year.
Q. Suppose marginal propensity to consume is 0.8, marginal tax rate is 0.25 and marginal propensity to import is 0.1. If president wants to increase income by 500, his advisers would suggest that he increase government spending by?
Explain why does it matter which particular mix of price and quantity is selected.
What desire to purchase does not vary with time. Ignore the time value of money and compute the optimal pricing scheme of the iPhone.
A tsunami in Japan disrupts the production of Japanese-made cars. What is the impact on the market for new cars.
A firm has a fixed cost of $500 in its first year of operation. When the firm produces 100 units of output, its total costs are $4,500. The marginal cost of producing the 101st unit of output is $300. Illustrate the total cost of producing 101 uni..
Explicates which influences the marginal benefits also marginal costs associated with the decision to purchase a house.
Elucidate what is the present discounted value of the cost of the car if you use GM's interest-free financing
Find out the total revenue and marginal revenue functions for men and women.
Price elasticity of demand is 1.5 and a firm raises its price by 20 percent the quantity sold by the firm will ceteris paribus.
who are well-known to be boring, stuffy types; what could be a better way to reinforce one's credentials as a radical, innovative thinker than to skewer their most beloved doctrine.
If the price falls to $2, how does quantity demanded change. How does Bert's consumer surplus change. Show these changes in your graph.
Describe return to an investment in a college education. How would you go about measuring it. How would you decide it is good enough to warrant investment.
Draw his budget constraint in terms of S and T. What is the slope of the budget constraint and how does it relate to the relative price.
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