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Question: If I buy a soda at the movies, I have to pay $3.00. If I buy a soda at the gas station, I only have to pay $1.50. Use the concept of elasticity and the factors that determine elasticity of demand to explain why the movie theatre can charge so much higher price.
You are a finance employee at a financial institution, specializing in originating auto loans in a country where auto loans have only been available for 2 years
Suppose Jane buys only two goods X and Y , and she spends an income I on these two products. Suppose the price of X is px and the price of Y is py. She derives utility by consuming X and Y.
Explain the various major reasons why the quantity of education in a country would likely be less than the efficient amount in the absence of any government intervention. Include a carefully labeled and well-explained supply-demand diagram that sh..
You are Director of police cadet recruitment and training. What criteria would you look for in a police recruit. Explain your rationale for selecting a cadet.
When the price of a bar of chocolate is $1, demand is 100,000 bars. When the price rises to $1.50, demand falls to 60,000 bars.
Provide a detailed description of the issues that you have researched - Analyze the most significant economic effects of the researched issues on healthcare industry.
Several states had statutes which needed that male heirs be chosen over female heirs within the same degree of kinship when the state appointed someone to administer the estate of a person who died without a will. What constitutional protection will ..
A monopolist faces a market demand curve given by P=12-2Q and has a total costs given by TC=6+Q^2. What is the profit-maximizing price and quantity chosen by the monopolist? What is the monopolist's profit?
Provide full citations for the employed literature. Comment on the magnitudes of these estimates in relation to the standard economic determinant of the income.
What is a production function? How does a long-run production function differ from a short-run produc- tion function?
The dollar declined sharply in 1973-4 and 1977-8, and those declines were accompanied by sharply higher inflation. However, when the dollar declined even more.
Thinking about famous corporate scandals like Enron and WorldCom, some analysts have suggested that these are the tip of the iceberg.
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