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suppose that people consume only three goods, tennis balls 2009 price $2 and the quantity 100 2010 price $2 and the quantity 100 Golf ball 2009 price $4 and the quantity 100 2010 price $6 and the quantity 100 bottle of gatorade 2009 price $1 and the quantity 200 2010 price $2 and the quantity 200 a, what is the precentage change in the price of each of the three goods b. using a method similar to the consumer price index, compute the percentage change in the overall price level c. if you were to learn that a bottle of gaterade increased in size from 2009 to 2010, should that infomation affect your calculation of the inflation rate? if so how? d. If you were to learn that gatorade introduced new favors in 2010, should that information affect your calculation to the inflation rate? if so how?
Kramer Smith owns a dry-cleaning service also is thinking about changing his advertising expenditures for the year.
Find out the optimal crude oil allocation in the preceding example if the profit associated with fiber were cut in half, that is, fell to $.375 per square foot.
How does this policy involve the supply and demand for loan able funds. What occurs to the equilibrium interest rate.
Now? suppose? that? the ?first ?firm? has? a ?capacity ?of ?2 ?and? the? second? firm? has ?a ?capacity ?of ?4.
Maritime Insurance Company offers insurance policies for recreational boats.
What has been happening in Florida in general in terms of unemployment over this time period. What about for GDP.
If the required reserve ratio ia 10 percent, up to illustrate what amount could checking account deposits in the banking system as a whole drop.
As oil prices rose during 2006, the demand for alternative fuels increased. Ethanol, one alternative fuel, is made from corn.
What does it mean when asked; what are some considerations to remember given the different roles and people in the audience.
Describe of the amount of deposit money and the size of the money multiplier. Explain these relationships.
Elucidate how much the equilibrium quantity of wheat sold. Elucidate the actual cost which is equal to the equilibrium cost.
A battery in a critical tool fails at 32 hours. Illustrate what is the probability it was from manufacturer 2
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