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A monopolist practicing third degree price discrimination sells its product in Florida for three times the price it sells in New York. Price elasticity of demand in New York is -2, what is the price elasticity in Florida?
The demand curve for a particular good indicates the various quantities
Illustrate what will be level of employment under monopsonistic conditions.
Calculate the present worth of a 4.5%, $5,000 bond with interest paid semiannually. The bond matures in 10 years, and the investor wants to make 8% per year compounded quarterly on the investment.
Many U.S.? cities, especially those with large populations of? renters, have rent controls. Suppose that San Francisco sets a rent control of $400 per month on? one-bedroom apartments. The graph on the right shows this situation.
q1. why does a reduction in taxes have a smaller multiplier effect than an increase in government spending of an equal
Discuss in detail the arguments for and against the minimum wage. Be specific about the position of the economists on the issue. NO graphs and NO math.
Suppose you own a house in Mobile, AL. Your house is currently worth $200,000. Suppose there is a 5% chance that a food destroys your house, in which case it will be worth $0. You have $50,000 in your bank account.
Two bike riders, Floyd and Lance, are scheduled to race. Each wants to maximize his chance of winning the race; neither has any reservations about taking steroids if that will help win the race. If both take steroids, each has a 50 percent chance of ..
If the loan interest rate is 15% (APR) compounded monthly, $150,000 is borrowed and repaid in 36 equal monthly payments. How much of the 30th payment would be interest?
The given is natural logarithmic function. Ln(Q)=-0.23-0.34ln(P)+0.45ln(P2)+1.33ln(I). What is the price elasticity of demand for raspberries? What is income elasticity of demand?
The government wants to eliminate the inflationary gap by changing expenditures. What policy do you suggest? By how much will unemployment change after you policy has taken effect?
How might the university administrator lure the college athlete to choose them over others? Would this type of price control be considered a price floor, a price ceiling, or neither?
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