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A bookstore opens across the street from the University Book Store (UBS). The new store carries the same textbooks but offers a price 30 % lower than UBS. If the cross-elasticity is estimated to be 1.5, and UBS does not respond to its competition, how much of its sales is it going to lose?
Aside from humanitarian concerns,what is the one reason on nation is motivated to provivde foreign aid to a less developed country.
Disinflation is defined as a reduction in the rate of inflation. B. Policymakers can exploit a trade-off between inflation and unemployment in the short run but not in the long run. C. Unemployment rates below the natural rate of unemployment are di..
Demand and supply schedules
investors are expecting the federal reserve to take action. discuss the strategy you expect the federal reserve to
Determine the market structure in which the low-calorie food company operates and analyze short-run and long-run production and cost functions.
Calculate output, marginal cost, average cost, price, and profit at the average cost-minimizing activity level and calculate these values at the profit-maximizing activity level. Explain your answers briefly
assume that the drug company can negotiate with the us and foreign governments and thus tries to implement the two-tier
I. Marginal revenue is the additional revenue from selling one more unit of output. II. A firm will always produce at an output at which marginal revenue is greater than marginal cost, except when it is minimizing its losses.
opportunity cost is a very important economic notion. it is the cost of your next best opportunity. in economics this
Suppose that national income is initially at its equilibrium level when desired investment falls.we would except fall in national income,but not by as much as the fall in desired investment
Some states are planning that ethanol be mixed with gasoline to comply with anti pollution laws. Ethanol can be made from corn. Determine what effect are these rules having on the equilibrium price and quantity of corn?
1. caty consumes only goods x and y . her utility function is ux y minx y. we are given that px 3 py 6 and catys
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