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Q1. Assume demand take the form Q = 36P-1.
a. Show that the price elasticity of demand is constant and equal to -1.
b. Write the total and marginal revenue functions
Q2. Given a scenario where government expenditures increase by $400, and taxes were decreased by $400, yet both caused the GDP to rise by more than $400. This may have occurred explain why?
Illustrate what is the legal distinction between selling a product and licensing it. Many of the provisions in the UCITA were first proposed as a modification to Article 2 of the UCC. Why do you think the drafters decided to propose it as a separa..
Illustrate what are open-market operations? How are they conducted to fight inflation and recession. Write your answers completely.
The Cost of a Flower Business. Jen left a job paying $60,000 per year to start her own florist shop in a building she owns. The market value of the building is $80,000. She pays $40,000 per year for flowers and other supplies
Draw the PPFs for A and B when they work for 4 hours. What if the OC of shirt for A? What is the OC of shirt for B? What is the OC of cake for B? Who will export shirts? Why?
illustrate what do you think will characterize the goods which the EU exports to the United States also the goods which the United States exports to the EU.
Describe how each of these activities affects government, households, and businesses. Describe the flow of resources from one entity to another for each activity.
Explain why are changes in inventories included as part of investment spending
When Michael got a pay raise and began to earn $6,000 per month, his demand shifted outward to Q = 20 – 0.25P. Given this information, find Michael’s income elasticity (EI) for filets.
Illustrate what money supply should the Fed set in yr 2009 if it wants to keep the price level stable?
If nominal GDP in some year is $280 and real GDP is $160. The GDP price index for that year is.
how must you consider the issues regarding diminishing marginal returns and economies of scale.
q1. sanborn a manufacturer of electric roof vents realizes a cost of 55.00 for every unit it produces. its total fixed
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