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On the Forbes 2010 list of the World's Billionaires, Mexico's Carlos Slim Helu ranks at the top with a net worth of U.S. $53.5 billion. Does this "richest man in the world" face scarcity, or does scarcity only affect those with more limited incomes and lower net worth?
The monthly price of internet access services decreases from $20 to $10, and the total quantity of monthly account across all internet providers increases from 100,000 to 200,000. What is the price elasticity of demand? Is demand elastic, unit-ela..
Suppose that fixed costs increase by $50 but the prevailing market price remains unchanged. Using algebra determine the effects of this change in cost on the profit maximizing output and the optimal profit. Algebraically calculate the profit maxim..
the estimated cost to finance an expansion is $15 million and net earnings from increased sales revenue are expected to be somewhere around 10%. The feds expand credit and lowered the interest rates, the real interest rate declined from 3.5% to 2...
Suppose labor's share of GDP is 70 percent and capital's is 30 persent, total factor productivity is growing at an annual rate of 2 percent, the labor force is growing at a rate of 1 percent, and the capital stock is growing ata rate of 3 percent.
What do we mean by "race to the bottom" in environmental regulation? As countries discuss climate change mitigation options, how does race-tothe-bottom relate to establishing CO2 emissions or GHG reductions among countries?
Now suppose that due to the success of the Canucks in the first round of playoffs the demand for jerseys rises, what do you think will happen to the equilibrium price and quantity of Canucksjerseys
What is the socially optimal level of automobile tire production? What is the total net loss to society from the production of tires 49 through 60?
how would this merger affect airline costs?
Explain the impact of the new monetary policy actions
ECON 4001 Assignment. Assume that b 0; γ > 0; F > 0;G > 0; c- > 0: Find the steady-state of the economic system. Examine the stability of the economic system
(a) What will be the result when each firm chooses a high-price strategy (b) What will be the result when Firm A chooses a low-price strategy while Firm B maintains a high- price strategy (c) What will be the result when Firm B chooses a low-price st..
Based on a sample of 30, suppose we estimate a regression model and find b1=8.4, SSR=128, SSE=286 a) Find the coefficient of determination (R^2) b) Test at the 10% significance level against the two sided alternative the null that B1=0
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