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What were the issues, concerns and problems of the independent states. How did they differ from those faced by the National Government?
Consider the following firm with the production function Q=F(L)=2L^1/2. L=labor. Wage w=12. A fixed cost is FC=500(sunk cost). Derive the short run cost function. Graph this function using excel.
The initial cost of a pickup truck is $12,859 and will have a salvage value of $4,027 after five years. Maintenance is estimated to be a uniform gradient amount of $181 per year, with zero dollar for first year maintenance. The operation cost is esti..
Suppose people who are thinking about buying an existing home (demanders in the housing market) are current home owners who are thinking about selling their homes (i.e. suppliers in the housing market) suddenly believe that existing home prices are l..
Cigarettes currently sell for $10 a pack. Suppose the government imposes both a $4 sales tax and a $7 excise subsidy on cigarettes. Use a graph to demonstrate that the new price must be somewhere between $3 and $6 a pack.
Discuss why silence can be an effective response to a request for a last-minute concession and when the nickel-and-diming approach can be utilized most effectively.
Briefly explain why the three variables are appropriate explanatory variables to predict the consumption of services or why they are related to consumption.
Elucidate in writing to what market your derivation brings equilibrium and how it accomplishes this. Illustrate what are the principal differences between flexible and fixed exchange systems.
Suppose the chartered banks decide to greatly reduce the availability of student loans that are guaranteed against default by the Canadian government. What would you expect to happen to the demand for credit cards by students? Are credit cards a subs..
What is your monthly interest rate and what is your annual effective interest rate? If you have an outstanding balance of $1,800 on that card what would be the balance if you skipped 4 months payments (ignore credit card fees and penalties)
You are considering two investment options. In option A, you have to invest $5,000 now and $1,000 three years from now. In option B, you have to invest $3,500 now, $1,500 a year from now and $1,000 three years from now. In both options, you receive f..
A consumer is willing to trade 3 units of x for 1 unit of y when she has a bundle (x, y) = (6, 5). She is also willing to trade 6 units of x for 2 units of y when she has (12, 3) bundle. She is indifferent between those two bundles. What is the shape..
Heidi spends all her income on going to movies, regardless of her income level or the price of movie passes. What is her income elasticity of demand for movie passes? What is her price elasticity of demand for movie passes?
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