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The Ivy League schools defended their price-fixing arrangement (see p. 253) by arguing that their coordination assured a fair distribution of scholarship aid. Who was hurt or helped by this arrangement?
write an explanation of the short-run effect including the determinant of ad or as that is causing the shift the line
Between 2011 and 2012, the quantity of cars produced and sold decreased by 20%. During the same period, the price of cars increased by 5% and the cost of gasoline increased by 20%. We know that the cross elasticity of demand of gasoline is -0.3. Comp..
q.in 2009-2010 when the economy was in a deep slump the fed had taken interest rates to zero increase in money supply
What is per unit cost of producing 60 units of output. ATC(60)=$10 What is per unit labour cost of producing 60 units of output. AVC(60)=$6.67 What is per unit fixed cost of producing 60 units of output.
Describe how a decrease in price will affect the Quantity Demanded of an item. Incorporate a discussion of the Income and Substitution Effects into your response, as well as the difference between “Normal” and “Inferior” goods.
Redstone Clayworks, Inc. is located in Sedona, Arizona and manufactures clay fire pits for patios. They are one of about two dozen firms around the world that manufacture and sell clay fire pits for retailers such as Home Depot, Lowe’s, Front Gate, a..
Consider the following facts. After the age of 25, persons with college degrees earn more than persons with no education beyond their high school degrees, ceteris paribus. Moreover, persons with high school degrees earn the same as persons who have h..
Sue, of Sue's Sandwiches, sells sandwiches and soda from a sidewalk cart in a popular park near her home. She sets up her rented cart in the summers to raise money for college. Last month she sold $3,000 worth of product (sandwiches and sodas) to 300..
China has continued to lag well behind the rest of the world in information technologies
By mid-2009, U.S. investment expenditure had fallen to $1.5 trillion and the real interest rate had risen to 4.5% per year. What caused the collapse of investment and the rise in the real interest rate?
Assume Caesar allocates his entire budget to the purchase of chips as well as soft drinks.
Suppose that the Canadian economy, on a fixed exchange rate, has a real growth rate of 2% and is in equilibrium with an inflation rate of 10% and risk premium of 1%. Suppose that changes in the US cause its real rate of interest to increase from 3% t..
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