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If John's arc price elasticity of demand for coffee is 1.75, and he buys 30 coffees per month when the price per coffee is $4, how many coffees per month will he buy when the price for coffee is $3?
Define what is meant by the term, Alternative Dispute Resolution (ADR) and discuss the differences, advantages and disadvantages between arbitration and mediation. Discuss the following statutes that govern the arbitration of disputes: Taft-Hartley A..
Contrast the views of of jeans-Baptiste Say and John maynard Keynes on the relationship between total income and tola spending I the economy?
Sammy Hagar is a popular recording artist and is perhaps most well known for being the former lead singer of the rock band Van Halen. In a recent interview Hagar was asked whether he planned on making new music. That doesn't even come close to equali..
Discuss how an asset's cost is determined as well as the two methods of depreciation discussed in your readings.
Suppose a representative firm with total costs given by the expression TC = 100 + 4q + q2 operates in a perfectly competitive market for avocadoes, where q is the quantity of avocadoes in bushels. What is the long run equilibrium price? What is the s..
Suppose the Tooth Fairy paid 50 cents for a tooth in 1970. The CPI in 1970 was 38.8, while the CPI in 2010 was 218.1. What is the value of the Tooth Fairy’s payment in 2010 dollars?
Identify a principal-agent problem in your company and evaluate the tools it uses to align incentives and improve profitability. (Southwest Airlines)
A. Describe the phases of the business cycle. B. Explain what is happening to GDP and unemployment at each phase of the cycle.
Wal-Mart advertises that it has rolled back prices. If Wal-Mart is rolling back prices to raise revenues, should it roll back prices on products that have a price elasticity of demand that is elastic or inelastic. Explain your answer.
The random variable X is defined as the number of ones found in n tosses of a fair, six-sided die. Find the variance of X.
Suppose firm 1 and firm 2 each produce the same product and face a market demand curve described by what is the Bertand-Nash equilibrium outcome?
“When the Fed makes an open market purchase of government securities, the quantity of money will eventually decrease by a fraction of the initial change in the monetary base.” Is the previous statement correct or incorrect? Explain your answer.
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