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during his first year at school, ximin buys eight new college textbooks at a cost of $50 each. Used books cost $30 each. When the bookstore announces a 20% price increase in new texts and a 10% increase in used texts for the next year, Ximing's father offers him $80 extra. Is ximing better off, the same, or worse off after the price change? why?
So if trade barrier is reduced the Chinese economy will go down also affects the economy of the whole world. Do you agree or disagree with this argument.
Considers a consumer who suddenly changes her preferences with regard to air travel,
For several months before your vacation trip to Germany you find out the exchange rate for the peso has increased relative to the euro.
Why did people believe the difficulties Aisian economies were expericing in 1997-1998
Discuss - Deficit spending paves the road to ruin. Explain how much of the national debt is held by foreigners.
Evaluate why only the convexity of preference relation cannot guarantee that the indifference curve is strictly convex to the origin.
What happen if the marginal product of labor is 23, is the firm minimizing cost. What happen if the marginal product of labor is 21, is the firm minimizing cost.
Explain how might a firm's resources limit its search for opportunities. Cite two specific examples for two specific resources.
illustrate what is the specific marketplace-failure justification for governing spending on public universities
If the demand for gold residue high explain what would happen to the price in excess of time.
Converse alternatives to GDP as a measure of economic benefits in a current economy.
Describe the output level where average variable costs are minimized. Determine the output level where marginal costs are minimized.
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