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A car dealership is considering lowering the price of its min vans to promote sales. However, it worries that this will reduce sales of it station wagon autos. It finds the cross product of demand to be 1.5. Are its concerns legitimate? Explain.
(A)If the production function is AK and the savings rate is the constant rate "S", and the rates of depreciation and population growth are d and n respectively, what would the growth rate of the economy be
Why does the Federal Reserve require commercial banks to have reserves Explain why reserves are an asset to commercial banks but a liability to the Federal Reserve Banks. What are excess reserves How do you calculate the amount of excess reserves ..
A natural monopoly, such as a local electricity provider, is the result of:
explain the viewpoints of classical and keynesian economists. how did the economy that existed at the time of these
consider the following frequency distributionnbsp nbsp nbsp nbsp classes nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp
What does IPO stand for? What are the primary and secondary markets for stocks? Are there advantages of going from a public corporation back to a private corporation?
If the demand schedule for Bong's book is Q = 2000-100p, the cost of having the book typeset is $9000, and the marginal cost of printing an extra book is $4, then how he would maximize his profits.
The lowest quintile of households in the income distribution receives about:
Describe why in competitive markets there can be profit or producer surplus in the short run but not the long run. Include the idea of "economic rent" for exceptionally productive inputs. Then imagine a firm with the same cost structure but in each o..
Adam's Ribs in downtown Chicago buys $10,000 worth of beef ribs, $25,000 worth of pork ribs, and $8,000 worth of napkins each month. Are these purchases included in the calculation of gross domestic product
In recent years, scores in baseball have constantly increased. Most experts believe that this is due to expansion of new teams into the league.
why can the distinction between fixed costs and variable costs be made in the short run? classify the following as
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