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What is a current account when we are comparing different third world nations in macroeconomics?
If the ce If the of Pepsi-Cola increases from 40 cents to 50 cents per can and the quantity demanded decreases from 100 cans to 50 cans, then, (according to the arc price elasticity formula,the same formula used in class).
Some of the Tennessee Valley Authority’s electricity generating plants are powered by coal purchased via a separate TVA procurement division. Power plant managers often complain that the coal is below grade and causes problems with plant maintenance ..
Assume that this economy is closed to world trade. Calculate the equilibrium quantity, price in the market for books
Suppose that the cross-price elasticity of demand between McIntosh and Golden Delicious apples is 0.8, between apples and apple juice is 0.5, between apples and cheese is 0.4, and between apples and beer is 0.1. What can you say about the rel..
Plot the points (x, y) to obtain a scatterplot. Use an appropriate scale on the horizontal and vertical axes and be sure to label carefully.
What is the expected present discounted value of each of these plans if the interest rate is 1%? 10% and Which plan would you choose in each case?
question 1 evaluate the mu of x nbspin the following utility functions at x10nbspquestion 2.suppose you obtain utility
starting from long-run equilibrium use the basic aggregate demand and aggregate supply diagram to show what happens in
Explain the following terms: subsistence farming, shifting cultivation, Latifundios and minifundios. How would you define ‘land Gini'? Explain why land Gini is so much higher in Latin America, compared to Asia.
A company borrows one million TL for an improvement project. The loan is to be paid off over 12 years in equal monthly instalments. The interest rate is 0.75% per month. Decide the monthly instalment? Determine the balance remaining after five years ..
3. Many businesses have revenue that is sensitive to weather. In cases like these the businesses could hedge their risk using weather derivatives. Discuss an example of a weather derivative and how it is used by companies to mitigate risk. (20 points..
The number of people arriving at a bicycle repair shop follows a Poisson distribution with an average of 4 arrivals per hour. A given customer who arrives at the shop orders a repair with 70% probability. Let X represent the number of people arri..
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