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Q1. Used music CDs rise in price from $7 to $8, and total revenue falls from $700 to $640.• a. Is the demand curve over this range elastic or inelastic? Why?• b. Using the midpoint formula, what is the value of the elasticity of demand over this range?
Q2. Suppose that increased international trade makes product markets more competitivein U.S., would we expect to observe an upward slope on the WS curve or the PS curve , or would it be a downward shift?
The cause and effect on how and why there was a government shut down a month ago.
Provide a rational for why you feel the new target market and pricing strategy would be successful and the likely impact to the profitability of the firm.
Suppose that the participation variable, voucher, is completely randomized in the sense that it is independent of both observed and unobserved factors that can affect the test score.
Which of the government policies below is not likely to encourage per capita economic growth.
You read in a business magazine that computer firms are reaping high profits. Assume that the computer market is perfectly competitive.
A major Statistics Canada household survey, the Survey of Labour and Income Dynamics or SLID, the latest of which is referred to as SLID 2009.
Depict the von Neumann-Morgenstern utility index u in a diagram
Suppose the interest rate on 6-month treasury bills is 7 percent per year in the United Kingdom and 4 percent per year in the United States.
How can two countries both be better off as a result of trade? How can tariffs protect U.S. jobs? Do tariffs lead to a net increase in jobs?
Repeat these calculations for the third, fourth, and fifth years, assuming that the Government taxes at a rate each year and has noninterest expenditures annually.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
Why did people believe the difficulties Aisian economies were expericing in 1997-1998
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