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What economic tool is used for predicting new equilibrium situations?
Lauren's salary decreases from $34,000 to $30,000. She decides to reduce the number of outfits she purchases each year from 20 to 19. Use the midpoint method to calculate the income elasticity of demand for new outfits.
What are the values of the output and the interest rate in 1999 when the money supply is 900? Sketch the AD curve and show what happens when the money supply is decreased below 900 in 1998.
One of the companies for which you provide accounting services offers office cleaning services and has 10 customers. Cleaning services are provided in the evenings, Sunday through Thursday, at a rate of $30 per day. Billing is done every Friday. Duri..
Massive Products, Inc., is a monopolist whose cost of production is given by 10Q+Q2 (so its marginal cost curve-equivalently, its inverse supply curve - is give
Consider a game in which a coin will be flipped three times. For each heads you will be paid $100. Assume that the coin comes up heads with probability 4/5. Construct a table of the possibilities and probabilities in this game. Possibilities Probabil..
Assume perfect competition. Rank the following policies in ascending order of Home welfare and explain you reasoning. If two policies are equivalent or cannot
Explain Substitution and Income effects. Please provide definition in details and examples
Consider a firm in which labor is the only variable input in the short run. With the aid of diagrams, explain the relationship between a firm's short run production function, its marginal product of labor, total variable cost, and marginal cost.
Explain and discuss financing options for financing mergers and acquisitions. Identify success factors in mergers and acquisitions
A 10 percent reduction in price that leads to a 2 percent increase in total expenditures indicates a price elasticity of demand greater than 1. If the percentage change in price is less than the resultant percentage change in quantity demanded, deman..
A firm uses capital and labor to produce output according to the production function q =4 rad(KL) , for which MP L= 2 rad(K/L) and MP K= 2 rad(L/K). If the wage w=$1/labor-hr. and the rental rate of capital r=$4/machine-hr., what is the least expensi..
Output is produced according to Q=4LK, whre L is the quanitty of labor input nad K is the quanitty of capital input.
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