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Suppose there is a new tax on data usage. The cum-tax monthly bill increases by 15%.
i) If the price elasticity of demand is -0.45, how much does the quantity demanded change?
ii) Statement: the data plan providers are definitely worse off. True, false, uncertain, or not enough information? Why?
Which of the following pricing strategies is NOT used in markets with special cost and demand structures?
There is a dollar on the table, which each player can try to grab. If only one player grabs, G, and the other does not, D, the player who grabs gets the dollar and his payoff is 1, Which strategy profiles are Pareto Optimal?
If they currently at point B, what is the opportunity cost of 100 additional cups? if they currently at point D, what is the opportunity cost of 100 additional cups?
q1. the article discusses the decrease in firm costs. should the decrease in costs affect the quantity supplied? why or
The concept of balance of power is fundamental in international relations. What does it mean? How meaningful can it be at the beginning of the 21st century, given the impact of globalization and modern warfare in which one's opponents may not be atta..
Flood damage in the Brush Creek area averages $7,000 annually. Civil engineers with floodplain expertise have designed a series of small dams to restrain the flow. They will cost $25,000 and will involve annual maintenance charges of $500. What is th..
Calculate national income form the following figure-consumption: 200 billion. if there were 80 million people in this country, what would the GDP per-capita be? if all prices were to double overnight, what would happen to the values of real and nomin..
Ryan expects to deposit $1,000 now, $3,000 four years from now, and $1,500 six years from now in an account that is earning 12% per year compounded semi annually through a company-sponsored saving plan. What amount can he withdraw ten years from now?
Predict what will happen to the economy in the short run if interest rates fall. Predict what will happen to the economy in the short run if firms perceive that the business climate is getting worse.
Compare and contrast the difference between dynamic (intertemporal) efficiency and static efficiency with respect to non-renewable resources. What are the efficiency conditions for each? What costs reflected in the inter-temporal analysis are not cap..
Some economists argue that it is possible to raise the standard of living by reducing population growth.
The idea that a person wants to have a bigger house in order to outdo his or her neighbors is referred to as:
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