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Law of Demand indicates that there is an inverse relationship between price and quantity, why does it matter which particular mix of price and quantity is selected?
The atmospheric pressure of 100k Pa acts on the other side of the piston. The gas is heated until the volume is doubled and the final pressure is 500 kPa. Calculate the work done by the gas.
To maintain utility constant an income adjustment brought the student to consume the basket (61,92). What are substitution effects and the income ?
Sketch a production possibilities curve (not a straight line), with consumer goods on the horizontal axis and capital goods on the vertical axis.
This document shows the uses supply and demand model to explain the evolution of the price of gold and silver.
what is the least-cost input-combination of labor and capital and how much output is produced with that set of resources?
What is the effect of the United Arab Emirates' increasing sovereign wealth funds on GDP?
Price elasticity of demand for two customer segments
What is your expected rate of return over the one-month holding period?
Why does rent control result in a shortage of rental units.
What does the market for sugary sodas look like? Provide a supply-demand graph with realistic prices.
The problem in economics in price theory deals with deriving maximum marginal utility and marginal rate of substitution.
Write down the household's budget constraints for period 1 and 2 and identify the current account.
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