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Suppose three consumers have the opportunity to assess satellite radio and sun roofs on new cars and place on following valuations on these options: Consumer Satellite Radio Sun Roof 1 $800 $1,500 2 1,000 800 3 200 1,000 How much will the car dealership make if they sell a satellite radio/sun roof options package for $1800? SHOW CALCULATIONS. How much will the car dealership make if they instead sell satellite radio/sun roof options for $900 each?
the bureau of labor statistic and federal reserve bank in st. louis both have a lot of economic information. base on
Most countries import substantial amounts of goods and services from other countries. Yet the theory says a nation can enjoy a high standard of living only if it can produce a large quantity of goods and services itself. Can you reconcile these two f..
What is the difference between a change in the quantity supplied and a shift in the supply curve.
Which of the following would be classified as a short-run decision?
what compounded annual increase in cost is this? how does the increase in the cost of natural gas compare to a 3% annual rate of inflation during the same period of time?
Discuss the e?ciency properties of the following liability rules, by predicting the outcome under the rule. Also, discuss who bears the accident cost under the predicted outcome. Assume unilateral care accident contexts, i.e., only the potential inju..
Sharp rises in the cost of milk, grain, and fresh fruits and vegetables are hitting cafeterias across the country, forcing cash-strapped schools to raise prices or serve more economical dishes.
Which of the following is the best example of the opportunity cost of running your own business?
Find out the purchase price to gain thirteen percent compounded semiannually.
If a hard freeze eliminates premium coffee crop, illustrate what will take place to the price of premium coffee.
GDP is typically calculated by tallying all final expenditures in an economy, but it can also be calculated by adding income. Pick a product and give an example of how that product's contribution to GDP could be calculated using income.
One of the demands of railroad in recent labor negotiations has been to eliminate the caboose from trains, cutting train crews from four to three. The unions have resisted this because of the loss of jobs. Are the unions right? Would removing the cab..
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