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a. If Elmo has 2 quarters and a dime in his pockets, he can buy 1 soft drink. How many soft drinks can he buy if he has 4 quarters and 2 dimes? How many can he buy if he has 8 quarters and 4 dimes?
c. What happens if the machine starts taking any combinations of quarters and dimes? So now Elmo can put in any combination of quarters and dimes, all he needs is to pay the total price of Coke. Explain how the Indifference Curves will look now? Draw a couple of them in a new graph?
Create a new product that would appeal to your market. Develop at least one question for each characteristic of the target market (demographic, geographic, psychographic, and behavioral) that will be important for you as you determine the marketing s..
Explain how the quantity of money drastically declined after WWI and partly caused the Great Depression.
What is an example of an ethical perspective that is considered very American? What is an example of an ethical perspective from another culture that deals with a similar subject? Identify the culture and the ethical perspective. Why are the persp..
Discussion Consider and discuss the effects of access to health care insurance on the overall health of the population and whether access to health care insurance improves, diminishes, or has no effect on the overall health of individuals.
Are there any general shapes of cost curve graphs and firm supply graphs? For instance, MC graphs usually are U-Shape graphs and usually start from below AC graphs. Or it all depends on the types of graphs? Is there a name for a graph that represent ..
Suppose you explain the concept of an inflation tax to a friend. You correctly tell them, "When a government prints money to cover its expenditures instead of taxing and borrowing, it causes inflation. An inflation tax is simply the erosion of the va..
What is the monopolistically competitive price and equilibrium number of firms? What is the aggregate increase in profits for firms in the coalition?
According to your readings, Explain in detail, make sure to mention the impact goverment purchase have on gross domestic product (GDP). also, makse aure you make mentio of how goverment purchases affect the privet sector. Finally, decribe how goverme..
Suppose the market supply curve of wagons is QS = –62.5 + 0.5p2. The demand curve is QD = 325 – 2p2. Use Equation 3A.2 in Appendix 3A to determine the incidence of a small tax on consumers. ?The equation to use is dp/dt=(ds/dp)/(ds/dp)-(dD/dp)
This is an essay question, but I don't know how to explain. Should I use the supply-demand curve to explain, or use the marginal cost- marginal revenue curve to explain this question.
Suppose that instead of just fixed level of taxes T = Texogenous, we also include an income tax (t) in our Keynesian model (t = tax rate = .1) . Now the tax function is T = Texogenous + t (Y).
change if buyers pay $8 every unit to the intermediary but sellers offer to rebate part of that expense to buyers.
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