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Q1. Laura bought word -processing software in 2005 for$50. Laura's twin brother, Laurence, buys an upgrade of the same software in 2006 for $50 what problem in the construction of the CPI dose this situation best represent.
Q2. The market demand and supply function for VCR movie rentals are: QD= 10 - 0.04p and QS 3.8P = 4. Calculate the equilibrium quantity and price and point elasticity of demand in equilibrium. Next, calculate producer surplus. Suppose that VCR movie rentals are taxed at $ 0.25 per unit. Calculate the revenues generated by the tax. Calculate the loss in producer surplus. What percentage of the burden of the tax falls on producers?
The short-run and long-run effects of this change for the levels of per-capita output, and the growth rates of (total) output and per-capita output.
The election of a new Congress causes consumer confidence to soar as expectations of future economic growth are solid.
We operate 300 days per year and have found that an order must be placed with our supplier 6 working days before we can expect to receive that order.
On one hand, the WTO's role in international trade is becoming more significant. On the other hand, its verdict on the Brazil's Embraer versus Canada's Bombardier case did not seem to solve the problem.
Oil and gasoline prices are a concern in the United States. Why does this economic problem exist from a supply and demand perspective, what can be done to improve resource allocations.
What are the annual accounting costs for the firm described above? What are the annual explicit costs for the firm described above?
The trade or business of manufacturing dolls and accessories
Should the airline replace its night flight from LA with a morning flight as well as should the airline remain in business.
What combination of T and M will you choose? Suppose that the price of day trip rises to $80. How will this change your decision making?
Explain an economy is initially in equilibrium at the natural level. The central bank increases the money supply.
Budget line showing the various combinations of scores on the two exams that she can achieve with a total of 400 minutes of studying.
Brenda Johnson has used a preprinted form that she got from the internet to create her will.
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