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If the income elasticity of a good is 2 and income increases by 5%. How much will consumption change?
When a tax is imposed on sellers of goods, the resulting rise in the equilibrium price is usually less that the amount of the tax itself. Why doesn't the equili
Consider a market where supply and demand are given by QXS = -16 + PX and QXd = 83 - 2PX. Suppose the government imposes a price floor of $36, and agrees to purchase any and all units consumers do not buy at the floor price of $36 per unit
Aggregate expenditure is the total amount of spending in the economy that determines the level of the GDP. Components of aggregate expenditure are autonomous expenditure, planned private investments, government expenditure, and net exports. When auto..
To counteract the recent crisis, the Federal Reserve has increased the monetary base by trillions of dollars. However, the total money supply in the economy has not increased significantly. Explain this paradox using the model of money supply.
The objective of the administrators is to increase revenue to cover rising costs. If they increase the price of a transit ticket to increase revenue
The company has earnings per share of $0.73 and a book value per share of $5.03. What is the market-to-book ratio? Round your answer to the nearest hundredth.
Elucidate in detail the interrelationships between economic facts, theory, and policy. Critically evaluate this statement: "The trouble with economics is that it is not practical. It has too much to say about facts."
A firm produces output, y, by using capital k and labor L, according to the production function : y = k^a.L^b. The firm can purchase all the capital and labor it wants at prices r and w, respectively. Use the Lagrange multiplier to find Cost function..
You are a database administrator (DBA) for company ABC, and you have been asked to give a brief presentation in which you explain your readabilities.
Describe three techniques or procedures that managers can use to determine whether a goal is difficult.
Choose at least three of the barriers to entry listed below that affect the market in which your business operates (or a company of your choice). Explain how these barriers affect your company. Economics of scale - Barriers created by government - Es..
What fraction of the total variation in the quantity demanded of good Y remains unexplained? What can the student do to increase the explanatory power of his demand equation? What other variables might he add to his demand equation?
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