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What are some of the key metrics that are used to measure the effectiveness of marketing videos?
The manager of a local monopoly estimates that the elasticity of demand for its product is constant and equal to -3. The firm's marginal cost is constant at $30
If your monthly loan payment is $1057 and your nominal annual mortgage rate is 6% for 40 years, compounded monthly, how much total interest will you pay over the life of the loan?
If he needs 80 percent of his income to maintain his standard of living upon retirement, how much annual income will he need from his employer's plan and from his own planning when he retires?
verify the excess burden can also be calculated using this formula.
But so many jobs were lost in the boat-building industry that the measure was finally repealed. What did Congress get wrong in imposing this tax?
“This company is so unfair! They obviously don’t care about their customers. They __________!” complains Cindy Consumer. (the blank could be filled in with statements like: Explain to Cindy why economists think her complaints are naïve.
Short Run and Long Run Cost Function We consider the same production function is X=F(K,L)=3K^1/3L^1/3. Define the wage cost as w and the rental rate of capital as r. The price of the product is defined as p. 1. Consider a short run case where the amo..
Statistical discrimination can only take place if: The division of the occupation struture into "female" occupations and "male" occupations is known as:
1. In the 1950s, facing massive unemployment in the cities (much of it disguised in the informal sector), the Kenyan government embarked on a "Keynesian" policy of creating new urban jobs through public investment.
Assume that the wholesale skim milk market is perfectly competitive. Suppose demand is described by P=5.10-0.80Q and supply is described by P=1.90+0.20Q. If there are no price controls, what would be the equilibrium quantity?
Mauricio has a circus act, and he has a budget of $720 to spend on monkeys and unicycles. The cost of a unicycle is $120 and the cost of a monkey is $90. Please graph Mauricio\'s budget constraint on the graph below.
Compare the primary costs involved in cleaning up the water immediately (and thus confessing)versus hiding your culpability now and possibly paying more in the future. Predict the impact on profitability in both situations.
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