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1. Q1. A company has actual unit demand for four consecutive years of 100, 105, 135, and 150. The respective forecasts were 120 for all four years. Illustrate what is the resulting MAD value that can be computed from this data?
Q2. Antonio buys 8 new college textbooks during his first year at school at a cost of $50 each. Assume that he buys only new books. Used books cost only $40 each. When the bookstore announces that there will be a 20-percent price increase in new texts and a 10-percent increase in used texts for the coming year, Antonio's father offers him $80 extra. Is Antonio better off or worse off after the price change? (Hint: draw Antonio's budget lines before and after the price increase.) Now suppose Antonio was also buying some old books before the price increase. Does your answer change?
Why do you think the FED evaluates the money multiplier when making decisions with regards to the money supply
Suppose that all wages also prices in an economy are indexed to increase. Explain there can still be an increase tax.
Suppose firms compete in quantities. How much does each firm sell in Cournot equilibrium.
Demonstrate provide/demand curves also equilibrium for the USA, assuming no imports.
Increasing the minimum wage will result in a decrease in employment for workers who now earn less than the new minimum wage.
Why would consumers demand 0 minutes in the long run if the price was $.30 every minute.
Does consumer surplus increase due to this price ceiling. Does social welfare increase as a result of the price ceiling.
Describe each alternative`s break even pontin unit. At what volume of output would the two alternative yield the same profit.
What do you think the sign and magnitude of the Cross-Price Elasticity of Demand would be between premium juices and soda.
John Livingston is looking into the possibility of buying several coin-operated vending machines also placing them in the local hospitals.
Which of the following market transactions of final goods and services are excluded from the computation of U.S GDP
The widget Industry in Any town is a monopoly, controlled by Widget Corp. Its demand curve for the local market is given.
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