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Demand formula is given as P=150-3Q, and we only have 40 tickets to sell and that the MC=0 and we suppose to figured out how many tickets to sell to maximize total welfare.
What is the rate of inflation of the U.S. dollar is 5% and the rate of inflation of the Japanese yen is 2%. What is the percent change in the real $/Y exchange rate.
Does built in stability mean assume that non-discretionary changes will take place automatically, provide tax rates and systems in a place.
Why is a vending machine, which requires payment for each snack purchased, used to sell snacks, while a newspaper can be sold out of a box that allows anyone to take more than one paper?
Explain and illustrate how each of these events would affect aggregate demand, aggregate supply, and prices, then explain how you would respond with economic policies.
Elucidate what will happen to equilibrium cost and quantity of satellite TV service if wages of workers who provide satellite TV service increase while at same time cost of cable television service.
According to a study of US cigarette sales between 1955 and 1985, when the price of cigarettes was 1% higher, consumption would be 0.4% lower in the short run and 0.75% lower in the long run (Becker et al., 1994).
what happened to real output? by how much would the price index have had to rise for real income to remain constant?
The yearly demand for coffee by U.S. consumers is given by the demand curve QD=250-10P, where Q is quantity.
Delineate which market participants you believe benefited from the final court decision and whose interests were harmed.
How much is she actually paying the credit card company, including interest, when her credit card is paid off?
The organization where you work is expanding into the global market by opening an office in China. What are some potential ethical and social issues that may arise as the company expands into this new area? Can these issues be avoided or mitigated?..
The Marginal Product of Labor and the Marginal Product of Capital are given.
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