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Elasticity of Natural Gas
1. Using the elasticity concept explain why the demand for residential natural gas (gas used for heating, cooling, and cooking) is more elastic than the demand for residential electricity.
2. What were some changes of the demand and supply fconditions that lead to the housing market bubble and collapse?
Elucidate Susan's analysis and recommendation. Include the equation in your analysis and find the school's elasticity coefficient.
Illustrate what are the 2 policy options used to influence the economy
Assuming the phone company has to charge the same monthly rental fee and unit price to all its customers, at what level should it set these charges?
The CEO of a major automaker overheard one of its division managers make the following statement regarding the firms's production plans:
Discuss the relationship between each of the following variables based on the experience of U.S. economy over the past 30 years.
Illustrate what effect a contractionary fiscal policy have on the price level and real GDP.
Use diagram to describe how each of the following events affects the equilibrium price and quantity of pizza (draw a separate diagram for each event)
A monopolist faces the demand curvep =11 - Q , where Q is measured in thousands of units. What is the monopolist profit maximizing price and quantity? What is the profit?
Is this type of bonus structure in the interest of the company? Use theoretical and graphical insights from chapter five of the textbook to explain your reasoning.
Describe three (3) ways we can use macroeconomic analysis, with one (1) original example for each way. Using the real business cycle theory, explain two (2) effects of an adverse technological shock on the labor market and on the output market.
What is the effect on investment? What is the multiplier effect?
What are some of the positive externalities of education? Why may higher education offer fewer positive externalities than primary or secondary education?
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