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Using an appropriate diagram, explain how the following changes affect the supply or the quantity supplied in each scenario:
a) Beijing raises the minimum wage for factory workers by 20 per cent.
b) Drought causes vegetable prices to soar in France.
c) New technology boosts productivity at Tata Motors, India's largest car-maker.
d) The US government subsidises the output of hybrid cars.
e) South Korea's Samsung launches new tablet computers to rival Apple's iPad.
calculate the mean median also mode for the value of a house also for the value of a car. Illustrate what can you surmise about the data.
A $25,000 bank loan is to be repaid in equal yearly payment over 15 years at an effective annual interest rate of 7%. You did the calculation and found that your annual payment is $2745. What is the unpaid principal after you made your 8th payment?
Suppose that the city of Cool currently levies a property tax for public safety at a rate of one percent of taxable value on a base of $10 million of taxable property. If the price elasticity of demand for public safety in Cool is -0.2, calculate and..
Illustrate what do they mean efficienty level of output. If the government were to build the bridge, what price should it charge.
Using demand and supply curves, illustrate and explain how the following would affect the equilibrium price and quantity of wood tables.
The government of British Columbia has suggested a “cash-for-clunkers” program. Under this program, the government would buy up “clunkers” (older cars that emit a lot of pollutants and do not meet current pollution standards). Is this a sensible poli..
Consider the following payoff matrix in which the numbers indicate the profit in millions of dollars for a duopoly based either on a high-price or a low-price
According to a Wall Street Journal article, the average room rate for a New York City hotel was $231 in June 2010. To verify this claim, the Chamber
The inverse demand function of a group of consumers for a given type of widgets is given by the following expression: π = −10q + 2000[$] where q is the demand and π is the unit price for this product. Determine the maximum consumption of these consum..
Research at least two articles on the topic of mobile computing and its business implications. Create a brief synthesis and summary of the two articles.
In Telekom Malaysia, analyze the concept of demand, elasticities, production, and costs.
Find a product that is sold at different prices for different bundles or different groups of consumers (strategic pricing).
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