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In a situation in which a gift certificate leads a consumer to purchase a greater quantity of an inferior good than he or she would consume if given a cash gift of equal value. Is this always the case? Explain.
Consider a market characterized by the following demand and supply conditions: PX = 15 - 2QX and PX = 3 + 2QX. The equilibrium price and quantity are, respectively, a $3 and 9 units.
You are told that 75 cents out of every extra dollar pumped into the economy goes toward consumption (as opposed to saving). Estimate the GDP impact of a positive change in government spending that equals $25 billion.
Why does the economic transfer price to the consumer include implicit cost (normal profits, externalitiea, and other unrecorded cost) which you do not find in accounting cost? 2) What are short run and long-run periods of economic? Does the Law of ..
Write your paper in the style of an academic journal article. The in-class readings, as well as articles published in The Rand Journal,
Assume that the experts sre correct and Canada is losing its competitiveness relative to other countries. We can take strong action to reverse this trend, or we can continue on as we have been doing. Explain which course of action you favour.
Describe some of the microeconomic and macroeconomic factors a firm must consider in its own sales and profit forecasting.
What are some of the ethical dilemmas encountered by traders in their pursuit of profits for both their company and themselves?
One year ago, you bought a bond for $10,000.00. You received interest of $400.00 at the end of the year, as well as your $10,000.00 principal calculate the real return.
What is an instrumental variable and Angrist and Krueger use quarter of birth as an instrument for education and explain why quarter of birth may affect education
A restaurant industry has a market structure that comes closest to
Analyse the determination of the appropriate amount of undeveloped land along this river as an externality and public goods problem
Show your steps. B. After the equilibrium is reached, suppose 100,000 new jobs are created, causing 200,000 new migrants to enter the city. Does the equilibrium rate change? What is the new rate of urban unemployment right after the new migrants h..
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