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Pick two products: one that is relatively price inelastic and another that is relatively price elastic. You should begin by defining your product in terms of the determinants and then describe how increases in the price would affect total revenue. Would it make good business sense to be the one producing and selling these products. Why or why not.
Clothing costs $2 per unit always. Find Julies optimal basket of consumption.
Explain why these points are unique on this indifference curve. Please use at least 3 properties of indifference curves and any of the assumptions regarding utility to justify your response.
A car costs $30,000 in the US. The same car costs 12,000 pounds in Britain. The exchange rate is $1 = 0.5 pounds. 22.1. Refer to the scenario. What is the real exchange rate expressed in terms of cars?
How might it be possible for the unemployment rate to still increase? Provide an example, i.e., provide a scenario with numbers, to support your answer
Write one page powerpoint style on how current commodity prizes are impacting globla economy. Please touch on 3-4 commodities in you powerpoint.
What is Price Discrimination? How are the different degrees of Price Discrimination used differently?
How will the following actions affect the money supply? A reduction in the discount rate. An increase in the reserve requirements. Purchase by the Fed of $100 million in U.S. securities from a commercial bank
Explain what will happen to the money supply under each of the following circumstances. Explain your answers.
What are some ways that you use computers to communicate? How do you think computer technology will change communication in the future? Will a greater reliance on CMC change how we think about and engage in traditional forms of communication like int..
What was the annual change in the average selling price? How can this problem be worked out in an excel sheet?
A friend borrows $930 today and promises to pay you back $1900 in 8 years. If inflation is expected to be 2.7% per year during this time, what is the inflation-adjusted rate of return?_______ % per year
How does the government decide on the amount of pollution to allow? What are the potential costs and benefits associated with the regulation of pollution? What are the potential problems associated with employing outright regulation to deal with poll..
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