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Suppose in 2014?, the cost of a market basket of goods was ?$1,989. In 2016?, the cost of the same market basket of goods was ?$2,141. Calculate the price index for 2016?, using the price index? formula, assume 2014 is the base year.
Determine the price elasticity of demand if, in response to an increase in price of 25 percent, quantity demanded decreases by 55 percent. Is demand elastic or inelastic?
q.now you want to improve the aggregate production function to increase the provide capacity of the economy. that is
As a result of a decrease in the value of the dollar in relation to other currencies, the level of American imports and exports change. Consequently, there is a(n): increase in short-run aggregate supply. Decrease in the quantity of aggregate output ..
China's entry into the World Trade Organization (WTO) is likely to create more competition between local also foreign firms also provide China greater access to the marketplace for export.
The interest rate on this financing option is 23.00% with monthly compounding. What's the monthly payment amount?
A parish in the state is planning to construct a new bridge across the local river. The initial cost for the bridge will amount to $7,000,000. Annual maintenance and repairs will amount to $25,000 for each of the first five years, to $30,000 for each..
Assume that a Pfizer has a linear demand curve for Lipitor, a constant marginal cost curve (i.e. the marginal cost is a constant), and is a monopolist in this market.
People buy insurance. The highest incidence of those without health insurance occurs in which age category? One result of asymmetric information in health insurance markets is
Assuming that you don't deposit any additional money into the account, what annual return will you need to earn to meet this goal?
What are the three shifts of some basic features of MNEs business strategies today
Now assume a 7% real discount rate. What would the present discounted value of the project be? Should the project still be approved under this discount rate?
The utility is given byu(x, y) = xy + y. What are the demand functions for x and y. Describe how demand curves for x and y are shifted by changes in I or the price of the other good.
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