Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
In the 1979 and 1980 the nominal price of motor fuel rose much more rapidly than the general price level, pushing up the relative price of motor fuel. As we would expect, the quantity sold decreased. In 1981 and 1982 the relative price sold continued to fall. Which one or more of the following hypotheses do you think best explains the behavior or motor fuel sales in 1981 and 1982? a. In the 1970s the demand curve had the usual negative slope. However in 1981 and 1982 the demand curve shifted to an unusual positively sloped position. b. The demand curve had a negative slope throughout the period. However the recession of 1981 and 1982 reduced consumers real incomes and thus shifted the demand curve. c. The demand curve has a negative slope at all times, but the shape depends partly on how much time consumers have to adjust a change in prices. Over a short period the demand curve is fairly steep because a few adjustments can be made. Over the long term, it has a somewhat flatter slope such as buying more fuel efficient cars or moving closer to the job can be made. Thus the decreases in fuel sales in 1981 and 1982 were belayed reactions to the price increase that occurred in 1979 and 1980
Analyze a situation in which both parties entering into a contract could benefit, economically or otherwise, from slightly ambiguous language contained in the contract.
The unemployment rate in an economy is 6%. The total population of the economy is 290 million, and the size of the civilian labor force in 150 million. Illustrate the number of unemployed workers in this economy.
The financial writer Andrew Tobias described an incident that occurred when he was a student at the Harvard Business School
At the end of the life of the project, the equipment can be sold for a profit with salvage value of 11,000. The MARR is 6.0 percent. Calculate the present worth.
Joe has $16 to spend on Twinkies and Hohos. Twinkies are prices at $1 and Hohos are priced at $2 per pack.
The 1st way is simply to utilize the price of the product in the exporter's home marketplace as the fair marketplace value.
Explain how much money willyou have earned when the bond reaches maturity in five years.
Elucidate how that a profit-maximizing bundle will typically not exist for a technology that exhibits increasing returns to scale
"Suppose the market for oranges is disturbed by below-freezing cold weather that destroys much of the orange crop in the California. Predict what will happen to the equilibrium price and quantity in the market for oranges because of this natural d..
hould the measure of imports used in the GNP accounts therefore be defined to include only imports of FINAL goods and services from abroad. What about export.
If the government wanted to achieve the same change in GDP as in part 8 by cutting taxes instead of increasing spending, how large would the tax cut need to be.
Elucidate, using diagrams where appropriate, explain how the averege costs of a firm may vary short period and long period.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd