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If genetics is the most important determinant of sexual orientation, which set of brothers will have the greatest likelihood of both having homosexual orientations?
q. use the subsequent demand schedule to determine total also marginal revenues for each possible level of
Four international transactions are listed below. For each, determination whether it is a credit or a debit in the U.S. balance of payments, and whether
Suppose your neighbour likes to repair motorcycles in his front yard during evenings and on weekends, and he earns $400 per week from this work. If your neighbour has a right to operate this business, what is the efficient outcome? If you have a righ..
If the demand curve is QD = 100 - 10P and there is a $1 price increase, then the elasticity of demand at P = 2 is 2. If the absolute value of a demand elasticity is less than 1, then
An increase in the market price of men's haircuts, from $15per haircut to $25 per haircut, initially causes a local barbershop to have its employees work over time to increase the number of daily haircuts provided from 35 to 45. What is the short-run..
As a savings plan for college, the Smithfield's deposited $15,000 in an account paying 6% compounded annually when their daughter Mary was born. How much will the account be worth when Mary is 18 years old?
Assume you will read the magazine for at least the next 5 years. For what interest rates do you prefer each payment plan?
Using the data below, we are now going to use our supply/demand framework for US $ to model the movement in the euro per $ exchange rate between December 2007 (the very beginning of the Great Recession) and November 2008 (pretty much the height of th..
Which of the following would be automatic stabilizers? Employment-insurance payments. Cost-of-living escalators in government contracts and pensions. Free university tuition for unemployed workers after six months of unemployment, provided that they ..
A monopolist faces the inverse demand curve: p(Q)=100-4q and a cost structure of: C(q)=q^(2) + 10q What is the profit maximizing amount of output for the firm and how much profit do they make at this level of production?
Given the formal structure of the Solow model, the numbers in the first column should in principle be per-worker GDP numbers. However, for purposes of the problem.
a. Explain what happens to total revenue if Company A increases its prices. b. Explain what happens to total revenue if Company B increases its prices.
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