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The following table gives data relating a variable X (measured on the horizontal axis) to a variable Y (vertical sxis). The slope of the line described by this relationship is?
x 1 3 5
y 6 14 22
The following table shows the dollar amount of sales in 2016 for the four largest firms in the above-ground pool industry. Total industry sales in 2016
What price should he charge per ticket? (Note: Use the arc elasticity formula.) Is this a good strategy? What would be your recommendation?
Use supply and demand curves to illustrate how each of the following events would affect the price and the quantity of Toyotas bought and sold in Trinidad:
In your opinion, if the government imposes unit sales tax (i.e. $ tax per unit sold) on a product, will the market equilibrium change?
What will you be looking for in a political candidate the next time you vote, in terms of economic philosophy and economic policies?
Expansionary monetary policy would consist of. Which would shift the short run aggregate supply curve to the? left? Which would NOT shift the long run aggregate supply curve? outwards? In the aggregate supply and demand? model, in long run equilibriu..
Name one drawback to using a risk management approach to solve the "Risk/Benefit Problem" of technology that we discussed in class.
In an open economy, the condition for equilibrium in the goods market is different from the condition for a balanced trade account. Explain using words or equations (or both if you wish). Draw a diagram that illustrates a situation where the goods ma..
Your cousin brother Bobby has turned 18 and is contemplating future career alternatives based on the probable salaries to be earned. He seeks your advice. Invest two years and $6,000 per year at Community College education. Work remaining years until..
q.a monopolist faces the inverse demand for its output p 30 - q the monopolist also has a constant marginal and
When asked in a television interview what she felt she was missing out on because she spent most of her time training for the Olympics, a rower answered, “A normal social life.” She also revealed that she had given up a job that paid $20,000 per year..
Write the budget equation that Kingsley faces. Sketch the graph of Kingsley’s budget line for goods X and Y. Write the equation of the budget line in slope-intercept form. Identify the slope. Find the marginal utility for goods 1 and 2.Determine the ..
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