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Question
The table gives the demand and supply schedules for batteries. Suppose that demand increases by 50 batteries a day and supply decreases by 100 batteries a day . What is the new equilibrium price of a battery and what is the new equilibrium quantity of batteries?
On a graph with on the horizontal axis and on the vertical axis, draw a typical indifference curve (it need not be exactly to scale, but it should accurately reflect whether there is a diminishing ). Indicate on your graph whether the indifference..
Samwel draws a break-even chart. To represent sales, he draws a straight line through the origin and the point (10,000 units, £66,000).
Intel made large loyalty payments to HP in exchange for HP buying most of their chips. What incentive conflict was being controlled by these loyalty payments?
How would you expect a fall in a country's population to alter its aggregate money demand function? Would it matter if the fall in population were due to a fall in the number of households or to a fall in the size of the average household?
One senior economist thinks it is likely that the interest rate would rise in the second half of the year. Discuss the simple mechanism from an increase cash rate in the official sort term money market to other interest rates and finally to change..
Four companies calculate their fixed costs per period of production, and their variable costs per unit of product during the period. Each company sets a selling price and calculates the number of units of product that must be manufactured and sold..
Economists at BLS specialize in particular products, such as televisions, automobiles, kitchen appliances, and so on. One of their greatest challenges is to identify substitutes for products that are no longer available on the market.
When the demand line is perfectly elastic, there is no deadweight loss after taxation and firms must not operate if the market price is less than ‘break-even' price.
Discuss economic theory related to the quote above. Be sure to include a definition of Labor Force Participation Rate (LFPR) within your discussion.
the united states is one of the worlds weathiest countries. think of a recent case in which the dicisions of the u.s.
For each of the following examples, explain how and why a monopoly would try to price discriminate. a. Air transport for business people and tourists b. Serving food on weekdays to businesspeople and retired people. (Hint: Which group has more flex..
1. the following equations describe a particular macroeconomic systemc 100000 .85yi 85000g 15000assume to start
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