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You have 100 identical customers, each with relevant demand function Q = 20-P (where Q is the hours per week and P is the per hour fee). How much consumer surplus (per customer) is indicated by this demand function?
If you priced weekly membership consistent with the consumer surplus generated above, fixed costs=$1,000, and variable costs = $0, how much total profit per week?
This says that consumers hold 20% (c = 0.2) of their money as currency and the required reserve ratio is 37.5% (θ = 0.375). Demand for central bank money (Hd) is the total amount of currency being demanded plus the total demand for reserves. Solve fo..
An economy begins in long-run equilibrium, and then a change in government regulations allows banks to start paying interest on checking accounts. How does this change affect the demand for money? What happens to the velocity of money?
In a small developing country, Second Chance Used Cars is a government-protected monopoly seller of used cars. The first two columns of the table represent the yearly demand Second Chance faces for used cars. To find the values for marginal revenue f..
q1. suppose you want a lump sum payment of 100000 three years from now. rounded to full dollars how many current
Suppose a wage increase from $11 to $13 an hour increases the number of job applicants from 42 to 56. What is the price elasticity of labor supply?
Which of the following is least likely to be part of the opportunity cost of a college degree? An increase in the interest rate is expected to cause the optimal level of human capital investment for an individual to:
The classical economists believed that our economy was always at full employment or tending toward full employment. If our economy were operating below full employment, what would happen, according to the classical, to move the economy back toward fu..
The Department of Public Works also Highways (DPWH) is considering the construction of a new highway through a scenic rural area.
The step-by-step process of finding the choice with highest total utitily involves a comparison of the:
Write about the problem or issue as if you are explaining it to someone who has never taken an economics class. Be sure to explain the key concepts and terminology of both microeconomics and macroeconomics.
q1. suppose that all the necessary conditions exist for the realization of equal wage rates in every market of labor
As part of your job, you must complete a 10-to-15 page paper that follows this project through the system development life cycle (SDLC). This assignment will require you to do the following:
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