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Suppose the cross-price elasticity of demand between goods X and Y is -1. How much would the price of good Y have to change in order to change the consumption of good X by 30 percent?
1. What percent?
although the country produced several types of commodities goods and services in the year 2003. but this countrys
An industry consists of three firms with sales of $300,000, $700,000, and $250,000. Calculate the Herfindahl-Hirschman index (HHI). Calculate the four-firm concentration ratio (C4).
17. assume a certain firm in a competitive market is producing q 1000 units of output. at q 1000 the firms marginal
In a monopolistically competitive market
Two small open economies, Fixed and Flex, can be described by the Mundell-Fleming model.
Using the Federal Reserve's report (see link below) on Money Stock Measures for June 7, 2012 determine the growth rate of the Seasonally Adjusted M1 Money Supply between January 2011 and January 2012.
the data in the table below are the results of a random sample of recent home sales in your neighborhood that
When someone owns an asset (such as a stock) that rises in value, he has an "accrued" capital gain. If he sells the asset, he "realizes" the gains that have previously accrued. Under the U.S. income tax, realized capital gains are taxed, but accru..
Been sold some adult tickets and student tickets for a basketball game each adult ticket cost $5 each student ticket cost$3
it is often claimed that hospitals compete for physicians rather than patients. assuming this is true how does it occur
What type of externalities arise from driving automobiles fueled by gasoline and what is your view on whether the United States should raise the gas tax to the European level and why?
Identify what problem this economy is facing and describe two specific policies the Federal Government might follow assuming the MPC in this economy is 0.67. Provide specific numbers when describing the outcomes of the two different policies and e..
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