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Assume m=200$, px=2$, and py=1$. assume income is constant, Px decrease to $1.50, and Py decreases to $.75. This change in prices is equivalent to changing income by what dollar amount?
Please explain how to apply the economic terms, supply, demand, elasticity, comparative advantage, consumer surplus, deadweight loss to the consumer market.
Assume an economy's annual money velocity in circulation is 10. Please answer the following two questions:
There is a 1 percent chance that you will have healthcare bills of $100,000, a 19 percent chance that you will have healthcare bills of 10,000, a 60 percent chance that you will have healthcare bills of $500, and a 20 percent chance that you will hav..
q.not having had a contract or a hit during the last 12 months itchy fingers valachi the mafias chief executioner needs
Lorelai purchases an inn in 2004 for $200,000. Today (2016) if she wants to operate it as a bed and breakfast she would have to pay her cook $25,000/year, her assistant manager $50,000/year, and $10,000 in electric bills. What are the explicit costs ..
Everything else equal, when the market supply curve shifts inward, consumer surplus. Everything else equal, given an upward sloping supply curve, if the market demand curve were to shift outward, producer surplus
What were factors that caused ex-slave states in the south lag behind the north in participation in this acceleration of industrialization?
During 2006 a leading auto manufacturer produced 20 million of minivans. However due to soaring gas prices the sale of mini vans becomes sluggish and by the end of 2006 only 16 million of mini vans are sold. what is the gdp of mini vans is ?
explain how lower coffee bean output in brazil, vietnam, columbia and central america are affecting this market. explain what has been happenning in this market.
A firm makes and sells a computer for $1000. The variable cost to produce a computer, for the range of production of the firm, is $3000 per unit. The total fixed costs per year to make the computer are $4.0 million. How many computers must be made an..
Using diagrams, explain short run and long run profits and losses in a perfectly competitive market
If combination of rational expectation and perfectly competitive markets , a decrease in aggreage demand will lead to? A. A small decrease in real GDP B. No change in real GDP C.
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