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Q1. Use the following general linear demand relations:
QD = 100 - 5P + 0.004M - 5 PR, where P is the price of good X, M is income, and PR is the price of a related good, R.
Income is $100,000, the price of the related good is $20, and the supply function is QS = 150 + 5P. What is the equilibrium price?
Q2. What is the effect on the economic well-being of a nation when a tariff is imposed? Consult a newspaper and identify an industry where there currently is a tariff. What is the effect of this tariff on the U.S. economy?
If one defines incremental cost as the change in total cost resulting from a decision, and incremental revenue as the change in total revenue resulting from a decision, any business decision is profitable.
Differentiate the equilibria of model. Also the classification should be a function of the bliss point of the candidates.
Find the value of the test statistic (to 3 dec pl). Can we conclude that the proportions have changed during the year.
What is the equation for the AS curve. What restrictions on the parameters do we need to ensure that AS curve has a positive and nite slope.
If Sammy refuses to contribute to the butterfly garden, he'll not be able to enjoy its benefits if it is built.
This is an essay question, but I don't know how to explain. Should I use the supply-demand curve to explain, or use the marginal cost- marginal revenue curve to explain this question.
By what percentage would GDP be boosted if the value of the services of stay-at-home spouses were included in GDP
What What marketing strategies should Radiance pursue in the next five years? Explain why the strategies you select would best fit the organization. in the next five years? Explain why the strategies you select would best fit the organization.
Distinguish between the resources market and the product market in the circular flow model.
Watch the video titled Fear the Boom and Bust. Using the tools of macroeconomics, identify the primary difference between the two philosophies.
The cost curves of the firm. In terms of economies of scale, why would a firm sometimes want to expand output and sometimes not want to expand output.
Find the equilibrium price and quantity after the shift of the demand curve.
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