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A mining company is interested in obtaining the demand curve for coal. The firm's research department informs you the price elasticity of demand is -0.68, and the current price and quantity are $41 and 1,206 respectively. Price is measured in dollars per ton, quantity in tons per week. Your estimate of a linear demand at the current price and quantity is closest to
q.assume that the economy is in a long run equilibrium where the inflation rate is greater than the optimal rate i as
Consider the following information for a simultaneous move game: If you advertise and your rival advertises, you each will earn $5 million in profits. If neither of you advertises, you will each earn $10 million in profits. If you and your rival plan..
Which of the following will not cause an increase in the supply of good X? A. a decrease in the price of inputs used to produce good X B. an improvement in the technology used to produce good X C. an increase in the number of firms that produce good ..
Bianca took out a loan from the bank today for X. She plans to repay this loan by making payments of 2,700 dollars per month for a certain amount of time. If the interest rate on the loan is 0.47 percent per month, she makes her first payment of 2,70..
Countries with higher personal saving rates tend also to have higher rates of business investment and capital accumulation. Explain why this fact does not provide a justification based on social efficiency for policies that increase U.S. personal sav..
Japanese business culture is somewhat different from that of the U.S., yet both U.S. and Japanese companies are very successful and dynamic competitors in the global economy. You will find a brief overview of Japanese business practices in Doc Sharin..
The price of a 10-year bond can decline by approximately 9% if interest rates rise by 1% point. To illustrate this, suppose you own a 10-year U.S. Treasury bond that has a bond rate of 2% per year. How much money will you lose if the value of the bon..
Assuming the most typical shapes of the demand and supply curves, which of the following could lead to an increase in the current equilibrium price for personal computers?
What particular challenges did women encounter during the Gilded Age (roughly 1880-1920)? If you were a working woman in 1912, and you could have voted (although in most states you could not) which candidate from the election of 1912 (Taft,Debs) do y..
Three basic facts about men and women in the labor market are these: 1. As a group, women now get just as much schooling as men do (actually, a little more). 2. Upon graduating from college, women receive salary offers that are the same as men’s offe..
The theoretical model of the inter temporal budget constraint for the U.S. economy as a whole suggests that the most common pattern seems to be that: the quantity of?... or the result of?..
In the pen industry, a large number of firms produce differentiated products, and compete on quality, price, and marketing. They aren’t protected by laws or regulations. This market most closely resembles
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