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Q. A fall in price of tennis shoes. A rise in price of tennis rackets A rise in price of tennis balls. Or factors unchanged which of following would cause a decrease in demand for tennis rackets?
Q. Italians focus on past; Americans focus on present. Italians therefore should generally be more resistant to change efforts than Americans. Does culture influence how change efforts will be implemented?
Discuss the basic way that the modern banking industry work(namely, fractional reserve banking). What impact can this type of banking system have on the supply of money and possibly on inflstion and prices.
Explain how would you extend the above narrative to businesses, society as a whole or nations.
Explain why monopolistically competitive firms frequently prefer non-price competition to price competition. Do you agree. Why.
Illustrate what is your opinion of the restaurateur's decisions. Would you recommend that she accept the $66,000 offer.
Advanced analysis) Answer the next question(s) on the basis of the following consumption schedule: C = 20 + .9Y, where C is consumption and Y is disposable income. REfer to this data. At an $800 level of disposable income, the level of savings is:
Elucidate how that the regression R^2 in the regression. The assumption that more is better satisfied for both goods.
When Betsy goes to make her list for tomorrow she is upset that she didn't get everything done. In a well-written paragraph explain the economics behind her inability.
Suppose the store manager observes that the quantity demanded increases from 700 CD players to 1,300 CD players. Illustrate what is the price elasticity of demand for CD players.
Calculate the point elasticity of the firm's total sales revenue with respect to the amount of labor used when q = 2.
Illustrate what impact might such a reduction in purchases of U.S. treasury securities have on the cost of short- also long-term financing.
Using this demand function, find the total revenue function. What is the shape of the total revenue function.
Assume that the nation is not large enough to affect the world price. Illustrate the effects of a tariff on imports.
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