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Question: In each of the following instances, determine whether the good is normal or inferior, and whether it is income-elastic or income-inelastic.
a. If income increases by 10 percent and the quantity demanded of a good increases by 5 percent, the good is and.
b. If income increases by 10 percent and the quantity demanded of a good decreases by 20 percent, the good is and.
If the government imposes a $1 per-unit tax, how do the marginal, average total, and average variable costs change? What if instead the government imposes a $100 per-firm tax?
What pricing policy should the transportation authority adopt and what price per ride must the public transportation authority charge to eliminate the defi cit if it cannot reduce costs?
Assume that the data describe the condition of the banking system By how much could the banks increase their lending activity?
The table shows a bank balance sheet. The bank has no excess reserves and there is no currency drain. Suppose the bank sells $5 million of govt securities to the central bank in an open market operation. 1.As soon as the sell happens the bank can c..
How can outsourcing from the US contribute to political stability in developing countries? Can India maintain its advantage in call centers and similar occupations? Why or why not?
1. Which of the following would you expect to decrease the demand for tennis racquets? a. A decrease in the price of tennis balls which are complements in consumption of tennis racquetsb. An increase in the supply of tennis racquets
What monetary policies and fiscal policies were implemented during the recession?
1. Briefly describe your company and then benchmark the codes of conduct used by similar companies in the industry. Critique the codes of conduct of at least three (3) similar companies in order to write codes for your company.
advantage of cheaper labor to manufacture items
generally speaking many companies are interested in the potential cost savings of using the same product and
Choose a basis for comparison and write a comparison of the approaches to the relationship between youth employment and the economy presented in "Can Generation Xers Be Trained?" (page 509) and "The Sweet Bird of Youth Is Showing Signs of Age" (pa..
When a worker announces that he plans to quit, say next month, the "threat" of being fired has no bite. The worker may find it in his interest to shirk. What can the manager do to overcome this problem?
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