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Question: Weak Coal Prices Hit China's Third-Largest Coal Miner The chairman of Yanzhou Coal Mining reported that the recession had decreased the demand for coal, with its sales falling by 11.9 percent to 7.92 million tonnes from 8.99 million tonnes a year earlier, despite a 10.6 percent cut in the price. Calculate the price elasticity of supply of coal. Is the supply of coal elastic or inelastic?
Suppose two countries, A and B, with the same production function Y = K? L 1?? . The value of ? is 0.30, the growth rate of population is 2% and the depreciation rate is 5%. Compare both economies to the Golden Rule.
A new stadium is built in a municipality that results in an additional annual spending of $30 million. The MPC for the area is .8 and 60% of additional spending takes place in the city where the stadium is located. What is the overall annual economic..
you have been engaged by central savings and loanassociation to audit its financial statements for the year ended
What is the level of output and price if a natural monopolist with the cost function TC = 0.3Q3- 8Q2+ 120Q and market demand function P = 100 - Q follows the average cost pricing? (From 2 possible solutions choose the larger one.) Compare this so..
Suppose the demand for housing D is given by the function D=100p^-1r^-2 where p is the price of housing and r is the mortgage interest rate. Treat r as exogenous. The supply of housing is given by s=s1 , where S is exogenous.
After months of negotiations, the two sides signed a three-year contract that sets the wage rate at $7.25 an hour.
Robert is buying CDs. He receives 96 utils from his first CD, 48 Utils from his second CD, and 28 utils from his third CD. What is Roberts marginal utility from his third CD?
Outline some of the rulings for affirmative action under Title VI of the Civil Rights Act of 1964, and the Supreme Court Decisions in the 1980s that forced the viewpoints to change of the current seniority system. Explain how the latter Civil Rights ..
These multiple choice questions are relates to Economics. The first question is about what is not rent-seeking behavior and the second question is about what happens when new firms enter a competitive market.
Analyse the host country - Explain and analyse the companys action - What insights did you gain about international business in the contemporary context?
Which are the different coordination games you know? Create a matrix for each of these games and explain the game's main characteristics - What is the Tit-for-tat strategy?
Assume that Qd = 80-2P and Qs = 2P-20. If the government imposes a price ceiling at $15 in this market, what is the loss in producer surplus?
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