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Suppose that a restaurant offering Ethiopian cuisine opened in Cambridge Ma. and became a great success. What would you predict would happen in the greater Boston restaurant market?
Draw a graph illustrating the likely changes in the shape and position of the demand curve facing the original "Ethiopian" restaurant in the above problem.
Sally Stanford is buying a car that costs $12,000. She will pay $2000 immediately and the remaining $10,000 in four annual end-of-year using constant principal payments. The annual interest is 15%. Prepare a cash flow table to represent this situatio..
Using a balance sheet like the one presented above, show how the transaction affects the central bank's balance sheet and the money supply.
Consider we wanted to know how many trips versus dinners out you could purchase. If you were told that X = number of trips and Y = the number of dinners out and you were given the following budget information; M=4000, Px=800, and Py=100, What is the ..
Calculate the equilibrium interest rate by setting the demand for central bank money equal to the supply of central bank money.
Discuss one (1) recent price change that you have noticed while visiting your local supermarket. Determine whether or not the price change that you identified was a result of a change in either supply or demand.
Comment on: ”Some researchers believe sports participation might shape various personality traits, other researchers believe we participate in sports because of our personality type”. In essence, this is the nature - nurture debate. How would this af..
Explain how information flows through the layers of the OSI model?
Suppose your wage rate is determined by WAGE = −19.68 + 2.52EDUC + 0.55EXPER − 0.007EXPER2 where EDUC is years of schooling and EXPER is years of work experience. Using calculus, what value of EXPER maximizes WAGE for a person with 16 years of educat..
Which of the following is NOT true about affirmative action programs in colleges and universities?
Say you owe money to Big River Bank. Will you gain or lose from an unanticipated decrease in inflation? How could inflation make people turn to exchange by barter? What impact will free trade have on economic growth?
Is it possible for the short-run run market supply curve to show that quantity supplied increases only if price increases and for the long-run market supply curve to indicate that market price does not increase as quantity supplied increases? Why or ..
A robotics system will be purchased for a factory. The lease-purchase costs is $100,000 per year. Warranties will also be purchased. The warranties start at $20,000 in year 5 and increase by $20,000 per year through the end of the lease. What is the ..
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