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Question - Suppose Marcus eats nothing but burritos for dinner. He buys 30 burritos each month. During the last couple of weeks, Marcus noticed an increase in the price of burritos. The price of burritos rose from $5.50 per burrito last month to $6.60 per burrito this month. Assume that Marcus has a fixed income of $165 that he can spend on burritos. How many burritos can Marcus afford to buy at the new price of $6.60?
Samantha receives a starting salary offer of $60,000 for Year 1. If inflation is 4% each year, what must her salary be to have the same purchasing power in Year
What is the Transaction Processing Systems (TPS)? Explain the concept of ACID properties (Atomicity, Consistency, Isolation, and Durability).
1. What is the price elasticity of demand for courses at the universities that increases their fees by 30%? 2. Is demand for these courses elastic or inelastic?
Your boss has asked you to evaluate the economics of replacing 1,000 60-Watt incandescent light bulbs (ILBs) with 1,000 compact fluorescent lamps (CFLs).
Is there any symbolical use in using the colors black and white in the Streetcar film? Is there any particular symbolism conveyed in the film.
Which loan would likely have the higher interest rate: a car loan in 1965 or a house loan in 1977? How would each of the five interest rate determinants.
Explain what it means using the Ad/As model then describe the fiscal policy in a monetary policy measures can address the issue
Consider a perfectly competitive market where each firm has the short-run cost function C(q) = a + bq + cq2.
Formulate, graph, and solve this decision problem. What is the minimum cost of meeting the nutrient requirements?
Analyze the different stakeholders (i.e., government, three affected parties) that are involved in the externality, and identify what their roles are with regard to the externality.
What is protectionism? Can you give two concrete examples of protectionism? Explain what David Ricardo meant by comparative advantages within foreign trade.
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