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One U.S. dollar is trading on the foreign exchange market for about 1.47 Chesterfield ales (the Chesterfield currency). Therefore, one Chesterfield ale would have purchased how many U.S. dollars?
Use quotation marks for anything that is directly from the article. Include the exact URL that can be clicked to directly retrieve the article at the end of your paper for citation purposes.
Explain how “Black Markets” impact economic actives: Please explain in detail and use a supply and demand graph for your examples
Even among professional sport players, the salaries for players in some sports are generally significantly higher than the salary in some other sports. Elucidate how does this make sense using supply and demand in a market in equilibrium.
Explain why product differentiation leads to differences between monopolistic competition and perfect competition.
Assume an annual interest rate of %7. Which of the two units would you recommend ? What initial cost of machine A woul make the two machines identical in overal cost?
q1. a corporation is offered trade credit terms of 315 net 45 days.the corporation does not take the discount and
Draw the isoquants for coffee production. Write down a mathematical expression for the production function for coffee.
Suppose that a store will sell 2000 boxes of bananas a week at a price of $12 per box. If the store raises its prices to $15 per box, it will sell 1500 boxes. What is the elasticity using the original formula? What is the elasticity using the midpoin..
Three $1,000 face value bonds that mature in 10 years have the same level of risk, hence their YTMs are equal. Bond A has an 8% annual coupon, Bond B has a 10% annual coupon, and Bond C has a 12% annual coupon. Bond B sells at par.
How will firms react to rising output price levels? What reactions can they expect from their employees and suppliers over time?
The graph also shows the marginal revenue curve faced by this firm. Hypothetical cost and revenue curves for a computer producer. Explain how many computers will the monopolist sell to maximize profits.
q1. as long as firms are price takers in the labour market it doesnt matter if firms are monopolists in the output
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