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Consider how the price elasticity of demand for cigarettes has changed over the last 30 years. What do you think the reasons for it are? If you had to develop economic incentives to reduce the demand further, what would you recomend?
Find out the price p0 = S(q0) at which q0 units will be supplied and compute the corresponding producers' surplus PS. Sketch the supply curve y = S(q) and shade the region whose area represents the producers' surplus.
.Most people are consumers, making demand decisions in product markets, and also workers, making supply decisions in resource markets. How do workers choose how much of their labor service they are willing to sell Is the quantity supplied likely t..
Suppose the government cuts its purchases through $120 billion. As a result, budget deficit is decreased by $40 billion, private domestic saving reduced by $10 billion,
You are the manager of a monopoly and your demand and cost functions are given by P=300-3Q,C(Q)=1,500+2Q^2, respectively. What is the profit-maximizing price and output? Calculate the maximum profits.
What are the expected mid-career earnings?
Read the case "The Rise of the Indian Automobile Industry" on page 291 of Hill. Which of the following trade theories, absolute advantage.
You have been asked to develop a financial analysis of two projects and based on Net Present Value (NPV), Return on Investment (ROI), and Profitability Index (PI).
Describe the process of performing an external audit in an organization doing strategic planning for the first time.
Suggest how fiscal and monetary policy can move those numbers to an acceptable level keeping inflation the same. What is the first action you would take as the president? As the chairman of the Fed? Why? What would be your subsequent steps?
Did the book change your impression. How so? Impression of the new deal before reading the book (give some factual basis that you knew).
Suppose that a biotech firm makes di- agnostic tests and has a fixed-proportions production function in which one unit of output (diagnostic test) is produced using one worker and two units of capital (machines). If the firm has an extra worker and n..
Construct a scatterplot using y = calories and x = fat. Does it look like there is a relationship between fat and calories? Is the relationship what you expected? Explain.
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