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In 1998, Americans smoked 470 billion cigarettes, or 23.5 billion packs of cigarettes. The average retail price was $2 per pack. Statistical studies have shown that the price elasticity of demand is -0.4, and the price elasticity of supply is 0.5. Using this information, derive linear demand and supply curves for the cigarette market.
A couple starts saving for their retirement by putting $1000 at the end of this year and increasing the savings by 5% each year. If the savings earn 6% annual interest, what would be the value of their savings at the end of 30 years?
What is the difference between interindustry trade and intra industry trade. What factors determine how important interindustry and intraindustry trade are to monopolistically competitive firms in trading nations.
Show that, with a linear demand curve, the imposition of a per-unit tax on a monopoly will cause price to rise by less than the tax. Would this be true for a constant elasticity demand curve?
What is the relationship between the shape of the position of indifference curves on the budget line and the preference?
Discuss how the Federal Reserve kept the United States from sliding into a deeper recession after September 11, 2001.
Using the South University online library, the Internet, and the data from the Organization for Economic Cooperation and Development (OECD), research comparative international work and compare the United States and Canada with respect to which cou..
Illustrate what would be various variations and perspectives from current economic downturns
In this project, you are to research the functions of human resources management and career opportunities in this profession. The points given in this outline are the minimum points to cover. You should certainly include more information where wa..
Find the GINI coefficient for the country of Brazil through excel. I tried several ways but it does not seem right. I have all the data needed to find it. I'm just not sure what steps I need to take next.
Firm A produces three products. Firm A uses labor costs as a cost driver for support costs. Direct labor is estimated at $20 per hour.
The work involves close cooperation and coordination with other inside and outside of the department. Candidate A has exactly the experience required, but appears to be very unsociable. Candidate A has exactly the experience required.
Suppose that for Italy in 2008, exports 400 billion euros of goods and 300 billion euros in services, imports equaled 500 billion euros of goods and 350 billion euros of services, and the rest of the world purchased 250 billion euros of Italy's asset..
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