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How do changes in income affect consumption (and saving)?
What are factors other than income that can affect consumption?
Consider an industry with significant barriers to entry and consisting of two firms producing a homogenous product. Under which situation are these firms more likely to compete in quantity rather than price?
Why is the cost of health care so high in the U.S. and the U.S. does not have the best system. If a person has co-pay health insurance what does he/she base his/her purchase decision on, the real price or what actually comes from his/her pocket? How ..
If the scores can be described by a normal model, what is the standard deviation of the scores?
Why do perfectly competitive firms make zero economic profit in the long run?
Why would some households with increases in "household wealth" continue to consume at their prior household level even given household wealth increases? How would this be related to the velocity of money?
Economic growth will occur in each of the following cases except through. Graphically, economic growth can be represented by a
Compare the after-tax annual costs and decide whether Machine A should be retained or replaced by Machine B. Use a 10% after-tax rate of return.
At the end of 2012 the prestigious Rolex watch manufacturer had in inventory of watches worth $725 dollars. In 2013, Rolex produced $333 worth of watches and sold $260. What was the change in inventories in 2013? (Hint: careful with the signs, rememb..
What services do you predict Bangalore India exports and what services do you predict it imports.
Illustrate what would it raise more money than today, less money, or the same amount of money.
A country imports 5 billion tonnes of coal per year and domestically produces another 4.5 billion tonnes of coal per year. The world price of coal is $50 per tonne. Assuming linear schedules, economists estimate the price elasticity of domestic suppl..
Know that the far increase on cable car rides was 67%. Price is $5 one way. Prices were raised to help ease a $57 million deficit.
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