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Q1. Illustrate what are the reasons for differences in Price Elasticity of Demand between different products? Explicate the reasoning behind your answer.
Q2. 1. Many economists think which projected deficits will cause the national debt to increase to over 20 trillion dollars by the end of the decade. Explicate how these projected deficits will affect the US Stock and bonds. Could you explicate briefly this question thank you?
Q3. Legislators are recommending a $0.30 per gallon tax; you may recommend a lower tax or a higher tax if you think the proposed $0.30 is not a good choice. However, find the best appropriate result for the gasoline tax policy.
What is the balance due on the original mortgage if 20 payments have been made in the last 5 years?
Real GDP is: A.the base year market value of all final goods and services produced domestically during a given period.
Explicate how firms decide on where to produce depending on the marginal product and average product.
Calculate the present value (PV) of profits for Abe's business at each of the following discount rates: 8%, 9%, 10%, and 12%.
Explain how is the cross elasticity theory used to empirically define economic markets.
Point out which costs (sunk cost, incremental cost, fixed cost, variable cost, marginal cost, opportunity cost, out of pocket cost) are considered "relevant" and which are considered "irrelevant" to a business decision. Explain why.
Master Card has a series of cute commercials that list a series of accounting items also costs leading to a costless product.
Illustrate what can we say about the elasticity of demand for Larissa's legal services. Elucidate which is consistent with the direction of these shifts
Give an example of a government created monopoly. Is creating this monopoly necessarily bad public policy?
Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope. These are called externalities.
q1. illustrate trade-off must be considered when deciding explain how much of your wealth is to be held as money
During a war the government puts pressure on producers for heavy equipment, supplies, and services, making each more important.
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