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In the foregoing question the demand curves had the same price intercept. Suppose instead that the first demand curve is given by P = 36-(1/3)Q and the second is unchanged. Graph these curves and illustrate the market demand curve.
Consider an economy that is operating at full-employment level GDP. Assuming the MPC is 0.90, predict the effect on the economy of a $50 billion increase in government spending balanced by a $50 billion increase in taxes.
A sample of 60 individuals, all in reasonably good health, was selected; 20 individuals were residents of Florida, 20 were residents of New York, and 20 were residents of North Carolina.Each of the individuals sampled was given a standardized test..
when the price of good x falls Rs 10 to Rs 9,the demand for good y increase from 20 kg to 25 kg. A) what is the cross elasticity of demand of good y for good x
If one country has a corporate income tax of 20% and a second country has a corporate income tax rate of 15%, what can you expect to occur a. Now suppose the country with a corporate income tax rate of 20% lowers its rate to 9.5% five years later.
A basketball manufacturer is considering a number of options for its new factory. Given the following costs and benefits of the four different factory configurations, what are the marginal costs and benefits of the Extra Large configuration
Discuss the positive or negative impacts of competition in healthcare on the patient.
Plot these curves and examine the type of scale economies each firm experiences at different output levels.
Sales have grown over this period with relatively few shocks due to uncontrollable weather, political and sporting events. This online retailer carries no inventories; when it receives a pre-paid on-line order from a customer.
Evaluate your overall plan. This includes strategies used, recommendations for education and training, return on investment and improvement of quality of care.
Assume the current prices in the market are challenged by the regulatory agency, resulting in a new maximum price of $2,000. How will this change the industry output and market share for each company
A firm believes the sales volume (S) of its product depends on its unit selling price and can be determined from the equation P=$100-S. The cost (C) of producing the product is given by equation C=$1000+10S.
Supposed that firms only variable input is labor when 50 workers are used, the average product of labor is 50, and marginal product of the 50th workers is 75. The wage rate is $80, and the total worker is 75. Wage rate is $80
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