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When the price of Good X increases by 1.3%, the quantity of Good X supplied increases by 5.7%. What is the price elasticity of supply for Good X equal to?
Iggy only consumes two goods: coffee and cigarettes. Three cigarettes can be traded for one cup of coffee in a free market, or one cup coffee can be traded for three cigarettes. Iggy initially has 12 cigarettes and 5 cups of coffees. Find an equation..
A Monopolist firm sees the following demand, find the marginal Revenue
What are price floors and price ceilings? How could a business maintain its level of profitability if forced to accept price ceilings? Use a business in your response. For example, a coffee shop could ... Please do not use a coffee shop in your examp..
Compute the firm's profit from part d. Solve algebraically for the profit maximizing quantity (QM) and price (P M). You should get the same answer as in d.
Using the fundamental equations from the general monetary approach, describe how each of the following will affect the home and foreign price level, real money balances, and the exchange rate, EH/F . Also, state whether the home currency appreciates ..
You run a correlation matrix between Y variables auto sales in units and two X variables auto prices (X1) and car buyer’s income (X2). As expected auto prices had a high negative correlation to auto sales while buyer’s income had a high positive corr..
What makes a supplier or customer a key or primary trading partner? Describe why it is important to begin supply chain management with efforts with only these
Show the changes to the balance sheet for a central bank that makes an unsterilized purchase of $300 million in international reserves. What would be the impact on the currency of the currency? Central Bank Assets Liabilities.
Between Q1, 2014 and Q1, 2015 measured Output in the non - farm business sector increased by 3.2%. During this time period the unemployment rate fell from 6.6% to 5.5% and total hours worked in the nonfarm business sector increased by 2.8%. What was ..
Coffee costs $2.18 each cup and a pizza slice costs $3.74 each. Her income is $26,781. If coffee is on the vertical axis and the marginal rate of substitution
CPI is sometimes referred to as a fixed basket of goods, what does that mean? What issues if any does that sometimes cause?
Discuss how we can minimize possible confounding effects in an evaluation. Make sure to discuss the two major techniques.
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