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Consider the supply function f or a good is given as ????=100??3. Calculate the price elasticity of supply. Show all your steps to receive complete credit.
Compute the pre- and post-tax optimal bundle. Then decompose the change in cigarette consumption into Slutsky income and substitution effects.
Assume capital depreciates at 10 percent a year. Economy A has 1.000 units of capital while Economy B has 2,000 units of capital. Illustrate what must Gross Investments be in Each Economy to keep capital stocks Constant.
Assume that an economy experiences both positive population growth and technological progress. A reduction in the saving rate will cause:
The widget Industry in Any town is a monopoly, controlled by Widget Corp. Its demand curve for the local market is given.
In the market for copper, we can obtain copper from two sources. The marginal cost of mining ore is MC1 = 10 + 7q1 and the marginal cost of recycling copperisMC2 =40+2q2. If the total market demand for copper is 50, what amount will come from mining ..
Compute the Learner index if the marginal cost of producing Lipitor is $0.30 per pill. Does the Lerner index make sense in this situation.
Find the 2017 inflation rate. Morgan's nominal 2017 salary is given above. Is she making more or less than she made in 2017.
Penny is making pipecleaner flowers to sell on Etsy for $1 each. Penny and her friends become more efficient as they gain practice in flower production. The first 100 flowers cost $1.35 each. All the rest cost $0.40 each. What is the marginal cost of..
Use the binomial option-pricing model to determine the price of a call option with X = $110.
Explain why is the usa called a democratic federal republic and how is our organization of government different than the canadian, israeli, japanese or french democracies.
Why are politicians so concerned with the actions of central banks? Should the Federal Reserve Bank be independent or under greater political control?
Explain how you would calculate the price elasticity of demand of gasoline? In general terms, explain how consumer and producer surplus will change as a result of this price increase?
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