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Using a separate supply and demand diagram for each part, illustrate the effect of value of the yen in terms of dollars of each of the following (Suggestion: you will have the dollar price of the yen on the vertical axis0:
[A] Lower Japanese price level[B] Fast Japanese economic growth[C] High Japanese interest rates[D] Expectation that the yen will depreciate
Examine the factors that determine the price of computers in a free market.
Assume that, in a perfectly competitive market at profit maximizing quantity, the market price is greater than average total cost. Describe what will happen to the number of companies,
Identify a person in an organization, or event(s) that should be given credit for the relatively low, stable rate of inflation we've had in the United States since the late 1980s?
Identify the fallacy in the following discussion: "The effect of an excise tax on a commodity might seem at 1st sight to increase the value that buyer pay.
Choose any one topic out of the following , • Water , • Energy , • Agriculture , • Forest
Define the term Consumer surplus, Gien good and Income elasticity of demand using graph and equation.
During middle years of this decade, the exchange rate of the United States dollar has declined against the currencies of its major trading partners.
Amityville has a competitive chocolate industry with supply curve Ps =440+Q. While market demand for chocolate is Pd=1200-Q, there are external profits that the citizens of Amityville derive from having
Levi Strauss successfully markets Levi jeans on the History channel as a way for older men to stay young forever. What will happen in the jeans market ceteris paribus?
Suppose M = $80,000, PR = $30, T = 5, PE = $12, and N = 6,000. Using these, compute and write the direct demand function for Good A. Show your math. Watch the decimals! The coefficient on M is 0.02 and the coefficient on N is .4
The marginal and average cost curves of taxis in metropolis are constant at $.20/mile. The demand curve for taxi trips in metropolis is given by P = 1 - .00001q, where P is the fare, in dollars per mile, and Q is measured in miles per year.
Compute the marginal product of labor when 9 units of labor are utilized. Assume the firm can hire labor at a wage of $10/hr and output can be sold at a price of $100 per unit. Determine the profit maximizing levels of labor and output.
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