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Assignment:
Studies indicate that the price elasticity of demand for cigarettes is 0.2. If a pack of cigarettes currently costs $5.00. and the government wants to reduce smoking by 40% by how much more should the government tax cigarettes?
Some people with diabetes absolutely need to take insulin on a regular basis to survive. Pharmaceutical companies that make insulin could.
Explain what would happen if banks were notified they had to increase their required reserves by one percentage point from, for example, 9% to10% of deposits.
(Default) The Republic of Delinquia has a nondisaster output level of $100 each year. With 10% probability each year, output falls to a disaster level of $80.
The Apollo Products Company currently collects all of its customer payments in Detroit. By going to a new lock box system with boxes in Los Angeles, Boston, and Atlanta, Apollo Products can reduce the total time it takes to convert customer paymen..
Which piece of information is more important in the utility maximization process: marginal utility per unit of the good or marginal utility per dollar? WHY?
write two paragraphs answering the question below.many people feel the fed which is largely independent of congress and
Difference in FDI inflows into the two countries
explain the creation of money from excess reserves and the multiple deposit expansion in the banking system. how does
What is the new profit maximizing output - If the price of graham crackers is $2.50 should firms raise or lower their prices if they want to increase revenue? Explain this in terms of elasticity.
In the Heckscher-Ohlin model studied in the slides, suppose that K/L = K*/L* but preferences (as reflected in the relative demand RD) may be different.
Individuals may not act in the rational, calculating way described by the economic model of decision making, measuring utility and costs at the margin.
Explain whether he will accept a gamble in which he wins 130 with probability 2/3 and lose 110 with probability 1/3.
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