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Jessica spends all her income on good 1 and good 2, and her income-consumption path is downward sloping. Is it possible that both goods are normal? That both are inferior? That good 1 is normal? That good 1 is inferior? That one of these goods is inferior and the other normal?
Calculate the amount of tax collections that the government will require in period two. If so, compute it; if not, explain why not.
Let customer's tastes change so that consumers now demand 100 more units at each price. When the cost of the good is $50, elucidate how many units of the good are demanded?
One month ago, they added five workers, and productivity also increased by 50,000 pages per day. Copiers cost about twice as much as workers. Would you recommend they hire another employee or buy another copier?
Elucidate how much income in addition to his lottery earnings would Fred need to go out and find to be as well off as he was with the allowance.
If the dollar is devalued against gold and the pegged rate is changed to $40 per ounce, illustrate what does this imply for the exchange value of the pound. Explain your answer.
Compute the equilibrium level of income. Illustrate what is the level of consumption at the equilibrium level of income.
Find the equilibrium interest rate. Now suppose that G rises to 1,250. Compute private saving, public saving, and national saving. d. Find the new equilibrium interest rate.
At the profit-maximizing quantity, what is the average total cost of producing e-books.
As a policy maker concerned with correcting the effects of gases and particulates emitted by and local power plant, illustrate what two policies could you use to reduce the total amount of emissions.
7) in 1988, the average wage rate was 9.45 an hour and in 2008 the average wage rate was 18 an hour. The CPI in 1988 was 118.3 and in 2008 it was 215.3. which is real wage rate is higher?
If the quantity of output demanded at every price level increases by $1 trillion, Illustrate what happens to equilibrium output also prices.
you agree with the argument which the copyright owners of the materials mentioned should not be paid a fee if their material is on YouTube.
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