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If the number of tomato growers in the market increases, the supply:
of tomatoes increases.
of tomatoes decreases.
tomatoes remains constant.
curve for tomatoes shifts to the left.
If you each charge a high price, you each earn profits of $200. If you charge different prices, the one charging the higher price loses $50 and the one charging the lower price earns $300.
Explain how do open market operations work through the fractional reserve banking system to impact the money supply and interest rates.
Camille's Creations and Julia's Jewels both sell beads in a competitive market. If at the market price of $5, both are running out of beads to sell (they can't keep up with the quantity demanded at that price), then we would expect both Camille's and..
A Business Week table ("The High Price of Admission," October 23, 2006, 60) compares various business schools by calculating how long it takes to break even on a student's investment in a Masters of Business Administration (MBA)
In standard macro model, it is usually time preference that causes positive interest rate. But is there anything to do with risk aversion of utility function that causes existence of positive interest rate?
Suppose that Congress passes a constitutional amendment requiring the U.S. government to maintain a balanced budget at all times. Thus, if the government wishes to change government spending, it must always change taxes by the same amount, that is "G..
Refer to the above diagram, where Sd and Dd are the domestic supply and demand for a product and Pc is the world price of that product. With a PcPt per unit tariff, the quantities sold by foreign and domestic producers respectively will be
Why would elasticity of demand be important to you in determining the products on which the taxes should be levied".
A company employee is considering legal action against her employer. If she came to you for advice, how would you present to her the differences between a stereotype, prejudice, and discrimination? What two laws would you cite (list) to alleviate two..
List the economic benefits of, and problems with, subsidized college education. Examine subsidized college education by considering answers to the three basic economic questions: What to produce with limited resources? How to produce the goods and se..
Which of the following choices explains why Japan would want to maintain a fixed exchange rate at 150 yen per U.S. dollar rather than allowing the exchange rate to fall to 120 yen per U.S. dollar?
Suppose that Jenny is the only consumer in the antique car market. Her willingness to pay for an antique car is $200,000. Based on Jenny's willingness to pay, plot her demand schedule in the graph below using the blue points (circle symbol). Line ..
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