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Price elasticity of demand for bushels of corn
Pamela Sue, proprietor of Heartland Supermarkets would like to raise her current sales of corn from 250 bushels per week to 500 bushels per week. Her current price of a bushel of corn is $14. Given a price elasticity of demand of -2, determine a new price which will cause sales of corn to rise from 250 to 500 bushels per week.
Assume that you're a member of the Board of Governors of Federal Reserve System. The economy is experiencing a sharp decline into a recessionary phase of the business cycle.
Fiscal policy refers to the use of government expenditures or tax policy to influence the aggregate demand for a specific purpose.
The Heckscher-Ohlin model assumes that tastes are the same in Home and Foreign. Suppose now that tastes are different in Home and Foreign.
What is autarky price and quantity equilibrium for both home and foreign? What is the open trade price and volume under free trade.
This product, called Red Hat Linux, is a potential replacement for UNIX and other well-known operating systems. If you were in charge of pricing at Red Hat, what strategy would you pursue? Explain.
Describe what degree of concentration it exhibits. Would it be considered an oligopoly.
Illustrate the position of US economy over the next couple of years using aggregate demand and supply curves if these expectations are to be realized.
Bertand: If the firms compete on the basis of (continuous) price, what is the Nash equilibrium if the game is played once? A finite number of times? Explain clearly.
Illustrate the factors comprises in making decisions about pricing tobacco products indicating which would be the most influential.
Elucidate the mechanisms through which improvements in population health can lead to improvements in income levels.
Write down the effect on the real wage and hours worked in the short run.
Describe the dimensions of quality from micro- and macro-perspectives. What are the different formats or models and applications of quality? Discuss the top three in your opinion.
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