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Cars are lasting longer. The expected number of miles travelled over a vehicle's life has risen to 180,000 miles in 2001 from 128,000 in 1977. But, new car buyers tend to keep their cars about the same length of time before trading them in. Using demand and supply analysis show how this change, ceteris paribus, impacts the market for used cars and the market for new cars. (Hint: only one curve shifts in each market).
Discuss the characteristics of monopolistic market in detail. Name five different companies that belongs to this market. Compare and contrast monopolistic competitive market with Oligopoly.
A producer of synthetic motor oil for automobiles and light trucks has made the following statement: "One quart of Dynolube added to your next oil change will increase fuel mileage by one percent.
suppose that kiribati can produce 1000 tons of breadfruit or 500 tons of fish and that tuvalu can produce 750
explain how the circular flow diagram relates to the current economic situation. using the circular flow diagram
write two paragraphs answering the question below.many people feel the fed which is largely independent of congress and
Presume a person has $80 to spend only on two products: x and y. X cost $4 each, and Y cost $1 each. This person has preferences for X and Y given by What is the utility-maximization bundle of this person?
Exponential inter-temporal utility function question
If the price of coffee came down to overshoot former equilibrium pricing but another type of coffee begins to do extremely well what has happened to the price elasticity and equilibrium
What would be the effect of each of the following on the supply of salsa in the United States? In each case, identify the responsible determinant of supply.
Use the graphical method to determine how many of each type of boot should be produced and what are the shadow prices of materials and labour?
1. Understanding the challenges of maintaining growth as a diversified user in an Information Technology environment. 2. Recognizing how the businesses of many firms interact with diversity in the IT
Assume consumers expect a recession to begin in the next few months. They might react by trying to save more in case they are laid-off or have to work reduced hours. Under these circumstances
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