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Suppose there are two goods A and B in the economy and these two goods are complementary of each other. At the beginning, the market for each good is in equilibrium. How will an increase in the production costs of B affect both markets? Which properties does the new equilibrium have? Use appropriate diagrams in your ans.
you are an administrator for the contoso corporation. the contoso corporation has two 2 large sites. the corporate
The utility estimates that by switching to gas, it will save $22,000 per year, starting 3 years from now. At an interest rate of 8% per year, determine the present worth in year 0 of the projected savings that will occur in years 3 to 10.
What is the significance of an income elasticity of demand and what is the significance of an income elasticity of demand that is equal to -0.25?
1. only 2 families the arrows a and the benthams b inhabit little society. each family has onechild. the 2 families pay
How does economic thinking apply to the social contract of the family unit, or can "economics" be disregarded when it comes to decisions inside the family?
If you had the data, how would you go about ?nding out whether the TPF reduces to the Cobb-Douglas production function? What testing procedure would you use?
explain why the cost structure associated with many kinds of information goods and services might imply a market
The cash flows for three different alternatives are given in the table below. Assume that alternatives are replaced at the end of their useful lives. Life = 8 years.
Suppose that you have been hired as an Economic Researcher by OPEC and given the following schedule showing the world demand and supply for oil:
Suppose all iPod owners consider only two options for downloading music to their MP3 players: purchase songs from iTunes or copy songs from friends' CDs. With these two options, suppose the weekly inverse market demand for the Rolling Stones' song..
Merchant banking refers to:Banking services that are only available to retail merchants.Banking services that are only available to business but not the general public.
Assume that the marginal utility of good A is 4 times the marginal utility of good B, However the price of good A is only 2 times the price of good B. Is this point consumer equilibrium? If not, what will occur?
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